Annual Demography Summit 2017
At the beginning of November, the Colorado Department of Local Affairs held its Annual Demography Summit. The State Demography Office provided an economic overview and forecast, along with population estimates. Topics discussed include the impact of aging in Colorado and pursuing Amazon and other large-scale developments.
Center City – State of Housing
Downtown Denver Partnership just released their Center City Housing report, stating that since 2010, 10.1K units have been added in the downtown area, Denver is the 4th fastest growing large city, and 15.9 K new residents have moved into the area. Neighborhoods that experienced the most growth include the Central Platte Valley, Ballpark, Central Business District, and RiNo.
Colorado Economic Databook Update
According to the latest release of the Colorado Economic Databook from the Federal Reserve Bank of Kansas City, the unemployment rate was 2.7 percent in October, and total payroll employment grew 1.4 percent compared to the previous year, with the strongest gains in the information and professional and business services sectors. The rate’s increase is attributed to more people entering the workforce, but from a broader perspective, Colorado still has the third lowest unemployment rate in the U.S. (after Hawaii and North Dakota).