The 2018 Colorado economy continues to be a pleasant surprise!
After decelerating levels of job growth in 2015, 2016, and 2017, all economic forecasts for the state predicted the downward trend to continue this year. Fortunately, businesses in the strong, solid, and volatile growth categories have added jobs at levels much greater than anticipated.
Through July, the state is on track to add 72,600 jobs this year. This includes year-over-year employment levels for both June and July that are 81,000+ jobs greater this year.
This month’s update also includes a brief analysis of the U.S. outdoor recreation cluster, using data released earlier this year by the Bureau of Economic Analysis. The cluster came to the attention of Coloradans several weeks ago when it was announced that VF Corporation had restructured, and a branch of their headquarters was moving to Colorado.
For additional details, check out the cber.co Review of Colorado Economy – Update for First Seven Months of 2018. The 2018 cber.co forecast can be accessed by clicking here.