In Q1 2022, Colorado and the U.S. added more employees than expected. Colorado’s seasonally adjusted employment increased by about 27,700.

The leading sectors for growth are PST (professional, scientific, and technical services), retail, accommodation and food services, construction, and manufacturing.

The 2022 Colorado forecast acknowledges the significant headwinds that could put the economy into a recession. Currently, the momentum of the labor market and economic activity exceeds the obstacles; however, slower growth is expected as the year progresses.

For more details go to https://cber.co/economic-updates/ for the analysis of the latest data released by the Bureau of Labor Statistics and Colorado Labor Market Information.