With the release of year-end employment and wage data for Colorado, this cber.co economic analysis takes a deeper dive into the state’s economy as a way of understanding what lies ahead for the remainder of the year. Colorado is on track to post modest growth in the remaining three quarters of the year.

A few of the highlights from the Colorado update are:

• In 2019, the rate of real GDP growth for the state will top the rate for the U.S.
• The state’s population will increase by about 75,000 people – similar to last year.
• In 2019, the state will add about 58,600 jobs, slightly less than last year.
• The unemployment rate will be 3.6% in 2019.
• Weekly average wages increased by 5.4% in 2018, stronger than expected.
• Housing prices are appreciating at a slower rate than in recent years.

For the most part, the data is upbeat! Check it out and stay tuned for updates.

The most recent in-depth look at the U.S. and Colorado economies can be found by clicking here. The cber.co 2019 forecast released in early January can be found by clicking here.