Tag: Inflation
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Colorado’s unemployment rate creeps up but is still lower than the U.S.
Colorado’s unemployment rate skipped up to 3.1% in August, Colorado Department of Labor and Employment data showed Friday, the first time in more than a year that the state’s rate exceeded 3%. The increase, which state economist Ryan Gedney said was not statistically significant, could be attributed to a small drop in employment and a…
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Optimism among small businesses below average for 20th month in a row: Report
Leader of NFIB Colorado blames workforce shortages, inflation — and Proposition HH
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A paradox: Colorado job growth ‘cools,’ even with robust business filings, job openings
“It appears that the economy is continuing to operate at a particularly good level but there are some, I don’t know, warning signs that are out there,” an economist says
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Inflation still hammers Coloradans, but falling energy prices offer some relief
The average household in Colorado has spent nearly $17,000 more since 2020 because of inflation, according to a new analysis from a think tank. But there are some good news, the analysis shows. Prices increased by 0.81% during April and May — down from a 1.34% hike over the two previous months. That rate led to Colorado’s…
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Colorado Springs ripe for bustling summer tourism season
Colorado Springs tourism leaders are eager for the arrival of the region’s peak travel season with many signs pointing to a robust year of visitation. Despite elevated gas prices and rampant inflation that characterized much of summer 2022, the city continued to recuperate from pandemic-related setbacks. Colorado Springs generated a record $9.8 million from its…
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Denver’s office space market remains steady, retail prepares for a return to spending
Denver’s office commercial real estate market finished steady by the end of the fourth quarter, unlike the retail scene which was affected by rising inflation, according to several area brokers. The office market had more than 340 transactions totaling 1.6 million square feet in leasing activity during the fourth quarter across the metro Denver area,…
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Growing job force, less savings for Coloradans in third quarter: Report
Colorado continued to see a growing job force in the third quarter, according to a report released Tuesday by the Leeds Business Research Division at the University of Colorado Boulder and Colorado Secretary of State Jena Griswold. Colorado’s employment in September increased by 4.1% year over year, the 16th best percentage increase in the nation.…
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Interest rates, inflation trend during slow season in October Housing Report
Interest rates increasing alongside inflation are emphasizing the already slow fall season in home sales, according to the October 2022 Market Trends Housing Report from the Colorado Association of Realtors. In one month, new listings of single-family homes for the metro-Denver area decreased more than 25% and lowered 20% statewide. The market maintained a healthy…
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Denver voters let landlords off the hook as early results show Ordinance 305 failing | ELECTION NIGHT 2022
Election night results show Denver voters soundly rejecting a proposal requiring landlords to pay a $75 per year per property to fund legal representation for renters facing eviction. The city has counted 128,937 votes, with just under 60% of voters rejecting the ordinance as of 2:00 p.m. Wednesday. The ordinance was expected to raise just under $12…