Northwest Colorado Regional Economic Update

March 2017 Regional Economic Update

The March 2017 Regional Economic Update is now available on the EDD website here. This update is provided quarterly, and is based on the most recently released data from the Quarterly Census of Employment and Wages (QCEW), available through the Colorado Department of Labor and Employment (based on data released for the 3rd quarter of 2016). Read full report here.

Here are some highlights:
Job Growth: +2.8%
Wage Growth: +6.5%
Avg. Annual Salary: $41,506
Avg. Annual Salary in State of Colorado: $55,224
Job Growth in Key Industries: Construction +2.7%; Accommodations & Food Service +2.2%; Healthcare +3.5%
Professional/Technical/Scientific: 3.5%; Agriculture +9.3%
Labor Force: +1.0%
Unemployment Rate:
Regional Avg: 2.0%
Colorado: 3.0%
U.S.: 4.7%
Change in Unemployment: -0.5%
Real Estate Transactions: +1.3%
New Unit Sales: -1.3%