彩民宝典

According to the mid-year Colorado Business Economic Outlook (CBEO) report released this month, the state鈥檚 economy is poised to lose 128,500 (-4.6%) by the end of the year. This is a devastating revision from the annual CBEO, issued in December, which initially predicted the state would add 40,100 jobs in 2020.

Although job growth had already slowed in Q1, the COVID-19 pandemic left no industry across Colorado untouched by its damaging wake.

Industries have started to recover since March and April鈥檚 shutdown; however, several industries will end the year with negative job numbers. Tourism and retail are some of the hardest hit sectors.

The impact of unemployment in Colorado varies by area. Although the numbers improved overall since spring, they do remain high. In June, the Denver-Aurora-Lakewood area currently reported the highest unemployment in the state at 11%, while the Fort Collins metropolitan statistical area had the lowest unemployment at 9.2%.

Colorado鈥檚 population growth is expected to slow this year, despite projection to top 5.8 million. Yet, the state could still attract relocation from companies and individuals in areas of the country hit harder by the pandemic.

Read the full CBEO report here.

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