The Colorado Legislative Council (CLC) and the Governor’s Office of State Planning and Budgeting (OSPB) recently released their Q3 economic updates. As can be surmised by their names, CLC and OSPB provide comprehensive economic information and forecasts to inform discussion about the state and national economies.
Their most current updates show the two groups are upbeat about the economy for 2012. At this point, they are much less optimistic about the prospects for 2013.
CLC
National Employment
2012 1.3% growth and 133,100,000 employees
2013 0.6% growth and 133,900,000 employees
National Unemployment
2012 8.3%
2013 9.1%
State Employment
2012 1.7% growth and 2,296,600 employees
2013 0.7% growth and 2,312,700 employees
State Unemployment
2012 8.3%
2013 9.4%
OSPB
National Employment
2012 1.3% growth and 133,000,000 employees
2013 0.8% growth and 134,100,000 employees
National Unemployment
2012 8.3%
2013 8.2%
State Employment
2012 1.7% growth and 2,296,700 employees
2013 1.0% growth and 2,320,300 employees
State Unemployment
2012 8.0%
2013 7.8%
There are notable differences between the two forecasts for 2013. This begs the question, “Are the two groups intentionally presenting best and worst case scenarios or are their differing viewpoints a legitimate indication of the diverse landscape?”
For more information about updates from OSPB click here.
To view the forecast for CLC click here.
For the most latest cber.co monthly update for Colorado click here.
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