Colorado metros show strength in Mayors' economic briefing 2014 ranking

Posted by Tom Kalinski Founder RE/MAX of Boulder on Friday, February 7th, 2014 at 4:06pm.

The U.S. Conference of Mayors 2014 Economic Briefing ranks Boulder and Denver high for economic growth and employment.
Although the other five Colorado metros didn’t perform quite as well, their economies continue to show growth.
 
The briefing includes 363 metro areas that were ranked for economic (gross metropolitan product, GMP) and employment growth. While only Boulder and Denver ranked in the top 100 for economic growth, and Boulder, Denver and Greeley ranked in the top 100 for employment growth.
Some predictions as to national economic and employment performance for 2014 are outlined in the briefing. They include:
 
  • Consumers will increase discretionary spending in response to solid gains in employment, income, and asset values. 
  • Homebuilding will surge until 2016, when it catches up with demand. 
  • Business investment will accelerate, led by equipment spending. 
  • Interest rates will rise significantly over the next four years as monetary accommodation is withdrawn. 
  • The North American energy boom will continue to create jobs, investment and a competitive advantage in manufacturing. 
  • The over-65 crowd is staying in the work force, especially in the 65-68 group ahead of full social security benefits and this group is swelling as the baby boomers age. 
  • The young (16-24) are staying out with job prospects as the key determinant. 
  • Labor force participation has crashed from 66.1 percent in 2008 to 63 percent, and participation should firm as the jobless rate declines.
Here’s a look at how all seven of Colorado’s metros were ranked in the U.S. Conference of Mayors 2014 Economic Briefing:




Tom Kalinski 
Owner and Founder
RE/MAX of Boulder
303-441-5620
tomkalinski33@gmail.com

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