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March 2017 Regional Economic Update

This update is for the NWCCOG region which includes the counties of Eagle, Grand, Jackson, Pitkin and Summmit.  It is based on the most recent data released from the Bureau of Labor Statistics, Quarterly Census of Employment and Wages, Q3 2017.  The full report can be found HERE and on the NWCCOG EDD website here.  Past reports can be found on the website as well.
Here are some highlights:
  • Jobs: +1.6%
  • # Establishments: +1.7%
  • Unemployment rate: 2.3%
  • Job growth in key industries: Construction (+3.4%); Healthcare (+6.8%); Accommodations & Food Services (+0.8%)
  • Average Annual Wage:
    • Eagle County: $44,616
    • Grand County: $35,256
    • Jackson County: $35,256
    • Pitkin County: $50,596
    • Summit County: $41,028
    • State of Colorado: $55,484
  • Average Wage growth: -1.6%
  • Real Estate: Average Residential Price:
    • Eagle County: $1.08 M
    • Grand County: $450,625
    • Jackson County: $250,444
    • Pitkin County: $2.6 M
    • Summit County: $711,284