Colorado Economic Update

There are a few tricks and treats in the October economic update for Colorado.

Nationally, about 2.3 million jobs will be added this year. In addition, the number of job openings exceeds the number of people unemployed. That impressive statistic sums up the challenge of our current economy. “Where are we going to find people to fill the jobs that companies need to meet customer demands?

Colorado’s job growth continues to be diversified, manageable, and much stronger than anticipated at this time last year. The state’s growth is constrained by an unemployment rate that has been at or below 3.1% for 24 months. Despite that challenge, Colorado is on track to add 73,700 jobs this year.

For more details check out the Review of Colorado Economy – Update for First Nine Months of 2018.

Now for the frightening seasonal statistics! MAGNA has projected that $2.9 billion will be spent on television advertising for the mid-term elections. By comparison, the National Retail Federation expects $9.0 billion to be spent on the witches, ghouls, goblins, candy, and accouterments for Halloween 2018.

Happy Halloween and don’t forget to vote!

via Gary Horvath