After strong 6 months, Colorado economy on upward path for 2014

Posted by Tom Kalinski Founder RE/MAX of Boulder on Wednesday, July 16th, 2014 at 1:13pm.

The Colorado economy outperformed the U.S. economy through the first six months of 2014, and it’s likely to continue to do so through the remainder of the year, according to the University of Colorado Boulder’s Leeds School of Business.

With an economy that continues to grow at a magnitude that slightly exceeds previous expectations, Colorado’s employment is up by 3 percent from May 2013 compared with May 2014, according to the school’s midyear economic outlook. The outlook shows experts expect a total gain of 68,000 jobs in Colorado in 2014 – an upward revision to a December estimate of 61,300 jobs for the year.

Growth is also projected in all of the state’s sectors except for information, which includes publishing and telecommunications, according to the outlook.

“The growth for Colorado that we are forecasting for 2014 would make it the fourth fastest growing state in the country,” says economist Richard Wobbekind, executive director of the Business Research Division, which conducts the midyear outlook. “Colorado is growing at roughly twice the pace of the national economy in terms of job growth. It continues to be a shining star in the grand scheme of things, as it was in 2013.”

Wobbekind, who is also the senior associate dean for academic programs at the Leeds School, presents the Colorado Business Economic Outlook each December and updates it each summer after meeting with steering committee members representing the state’s major economic sectors.

Tom Kalinski 
Owner and Founder
RE/MAX of Boulder

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