Colorado economic update

Within the past month, most of the economic data has been upbeat. Some of the headwinds have subsided, specifically, trade policy with China has been advanced, UCMCA is finally moving forward, and Brexit and the impeachment proceedings are closer to being history.

On the home front, Colorado continues to enjoy manageable population growth, employment gains have increased as the year has progressed, and the state is on track to add 52,900 workers in 2019. Looking forward, there are some headwinds that are unique to Colorado; however, the current economic momentum should carry into the first quarter of 2020.

For details check out the Review of Colorado Economy – Update Through November 2019. The 2020 forecast will be published in January.

Finally, don’t forget to look at the quarterly economic updates that were released last week by the Governor’s Office of State Planning and Budgeting and the Colorado Legislative Council. These reports provide a comprehensive overview of the state economy and the challenges facing our state.