Report: Colorado’s economy isn’t the hottest, but growth is still modest
Employers in Colorado are adding jobs at a somewhat slower clip than they were in previous quarters.
Employers in Colorado are adding jobs at a somewhat slower clip than they were in previous quarters, according to the Quarterly Business and Economic Indicators Report released Thursday.
But job growth, unemployment and personal income all moved in a positive direction from July through September, the report shows. That leads economists to believe Colorado’s poised to continue modestly expanding its job base extending into 2017.
The quarterly indicators report is prepared by CU Boulder’s Business Research Division at the Leeds School of Business and uses data from the Colorado Secretary of State’s business registry to report connections between the data and economic metrics.
During the third quarter, a total of 27,008 new business filings were recorded with the secretary of state’s office, a decrease from the second quarter of 2016, but an increase of 7.3 percent over the prior year.
Thursday’s report matches the trend seen during the second quarter of the year when the year-over-year growth rate for the state was at its lowest since September 2012.