Regional Economic Analysis Salt Lake City

Salt Lake City entered 2026 outperforming the U.S. economy due to robust job gains in professional and healthcare services despite a national hiring stall. While consumer-facing sectors and housing prices have cooled, strong wage growth and low bankruptcy rates signal underlying household financial health.

Key Takeaways

• 1.Salt Lake City is significantly outperforming the broader U.S. economy as of early 2026, maintaining robust job growth while the national trend has stalled.
• 2.The region's core job growth is driven by the Professional & Business Services, Government, and Education & Healthcare sectors, which grew by 3.0% YoY combined.
• 3.Leisure and Hospitality services are a rare point of weakness, with employment down 2.7%, suggesting local consumer caution despite strong household bankruptcy metrics.

Table of Contents

• Headlines
• KEY FACTS
• Key Charts and Figures
• Disclosures

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