Local Denver economic news

The Secretary of State reported new business entity filings increased 9.3% year over year during the 3rd And business renewals increased 7.5% year over year. Colorado’s unemployment rate in September rose 0.2% to 3.1%. State-wide employers hired 5,100 new jobs last month, putting the yearly gain at 77,200 new jobs. The average work week has…

Wallet Hub reported that Denver has the 5th fastest growing economy in the country (for large cities) after Austin, Miami, Seattle, and Charlotte. According to Ladders, a career website, metro Denver has nearly 6,000 open jobs that pay more than $100k. Paychex, the payroll administrator for thousands of small businesses reported that in Metro Denver,…

According to the Bureau of Economic Analysis personal incomes in Colorado rose at annual pace of 5.3% in the 2nd quarter, down slightly from 5.4% in the 1st quarter. Personal income includes income from wages, owning rentals, owning a business, interest, dividends, and capital gains, as well as government benefits. This measure is the most…

The Associated General Contractors of America just released a survey of 88 construction firms in CO to learn more about the labor market. Ken Simonson, chief economist with the AGC said, “Labor shortages are not going away anytime soon.” Here is a summary of what they found— 92% of them need to hire more skilled…

24/7 Wall Street ranked Colorado’s economy as the BEST state economy for the 2nd year in a row. Why? Four reasons. First, our 5 year average GDP growth is 2.7% (4th best). Second, our unemployment rate is just 2.7% (3rd lowest). Third, our annual job growth for the last 5 years has been 2.4% (5th…

  VF Corp the maker of brands such as North Face and JanSport will begin moving their corporate headquarters to the Denver area next year from NC. They have pledged to create 800 new jobs and they will become the 11th Fortune 500 firm to make CO its home. VF Corp said these jobs will…

VF Corp the maker of brands such as North Face and JanSport will begin moving their corporate headquarters to the Denver area next year from NC. They have pledged to create 800 new jobs and they will become the 11th Fortune 500 firm to make CO its home. VF Corp said these jobs will have…

Colorado’s GDP grew by 4.5% from the first quarter of 2017 thru the first quarter of 2018; double the pace of our national average. For the last 12 month CO has added 74k new jobs, a growth rate of 2.8%, good for 5th best in the country. Denver is the nation’s #6 “Boomtown” according to…

Aldo Svaldi wrote a great front page story in the Denver Post on July 22nd about how incredibly tight our labor market and how that is challenging businesses and slowing growth in our state. Here are some key facts— Colorado’s unemployment rate in May was 2.8%, the 19th consecutive month at 3% or below. This…

Wallet Hub ranked Denver the 12th best city to live in for cities with a population over 300k. CO Springs ranked 9th and Aurora #22. Wallet Hub looked at 5 factors: affordability, economy, education and health, quality of life and safety. The Denver Post ran a story last week from Yardi Matrix data that said…