Colorado economic update

From an economic standpoint, there is a lot to be thankful for this Thanksgiving. This is the tenth consecutive November the U.S. has posted positive year-over-year job gains since the Great Recession. The state is on track to add 52,300 jobs in 2019. On average that is about 4,360 jobs per months.

In addition, BEA recently announced that Q2 real GDP growth for Colorado was 2.9%, compared to 2.0% for the United States. Colorado’s growth was driven by the following sectors: Professional, Scientific, and Technical Services; Extractive Industries; Real Estate, and Government. For further details, check out the Review of Colorado Economy – Analysis Through October 2019.

You are also encouraged to view the slides and information presented by the State Demographer’s Office at the recent 2019 Annual Demography Summit. Their economic forecast for 2020 points to continued growth, albeit at a slower rate. To access the forecast and other excellent SDO presentations click here.

Happy Thanksgiving.


Gary Horvath