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Throughout the year cber.co produces four types of research that measure the performance of the state economy;

  • Economic forecast of Colorado.   Click here for the 2020 forecast or click here for an executive summary.
  • Periodic economic updates throughout the year.
  • Special reports on key topics.
  • Weekly blog posts.

This research shows where the state economy has been and where it is headed in the near-term and the factors that have caused it to change.

Colorado Economic Forecast 2020 Highlights
Watch for the following in 2020….

Global and U.S.

  • Global GDP 3.0%
  • U.S. GDP 2.0%
  • Consumer spending 2.0%
  • Employment 1.5 million jobs or 125,000 per month
  • Annual unemployment rate 3.6%
  • Consumer price index 2.1%, core index 2.0%
  • Real disposable personal Income 4.1%
  • Advanced retail sales, excluding food service sales, 3.3%
  • Automobile and light truck sales, 16,8 million units
  • Crude oil production up from 12.24 million barrels/day to 13.3 b/d
  • Average price for WTI crude per barrel, $59.25.

Colorado

  • Population 72,400 people
  • Natural rate 24,400 people
  • Net migration 48,000 people
  • Annual unemployment rate 3.6%
  • Consumer price index 2.2%
  • Private hourly earnings 3.5%
  • Employment 50,000 workers, or 4,167 per month, 1.8% growth
  • Leading job growth: PST, health care, construction, T&W, manufacturing
  • Total building permits, similar to 2019.
  • Crude production 15.5 to 16 million barrels.