On November 16, the Colorado State University ‘s Economics Department held its Colorado Employment Outlook for 2011. This event featured employment forecasts for various regions throughout Colorado as well as an overall forecast for the state.
Like many other forecasting groups, the CSU team accurately predicted the downturn; however, they did not project the full magnitude of the recession. The state forecast stated that employment growth would be less than 1% in 2011, or about 19,000 workers. The Denver metro area will record positive job growth, although the Boulder area will show weaknesses based on their high concentration of manufacturing and high tech. Mixed results are on the horizon for the state’s resort counties and rural parts of the state.
The forecast team worked with the staffs of the Denver Branch of the Kansas City Federal Reserve as well as the Colorado Office of Labor Market Information , the state agency that prepares labor and employment data for the Bureau of Labor Statistics .
For additional information contact Dr. Martin Shields or Dr. Harvey Cutler.
©Copyright 2011 by CBER.