Colorado Economic Update

There is continued good news on the horizon for the Colorado economy, although 2022 will be a battle between momentum and headwinds.

  • There will be better than average employment and wage growth.
  • The largest employment gains will be in the accommodations and food services and professional and technical services sectors.
  • 2022 will be another strong year for residential construction.
  • The state will continue to benefit from the advanced technology industries.
  • Retailers will continue to evolve.
  • Oil and gas production will improve.
  • Over the next decade, Northern Colorado will lead population growth.
  • Remote and hybrid work is here to stay – at least for now.
  • Colorado will add more than 700,000 people over the next decade.

For more details about the 2022 Colorado Economic Forecast, please click here. Additional information is available at

Have a prosperous and healthy 2022.

Gary Horvath