No Recession Ahead for the State!
From the Denver Post December 11, 2007
Aldo Svaldi - Colorado shouldn’t slip into a recession next year even if the rest of the country does, predicted Richard Wobbekind, and economist with the University of Colorado at Boulder’s Leeds School of business.
“Continued, moderate growth is on tap for the state. Colorado should add 43,300 jobs next year, he said, representing a 1.9% increase that would outpace the 1.1% of job growth forecast for the nation as a whole.
The state’s unemployment rate will rise to 4.2% in 2008 accordning to the forecast, up from 3.7% in October, as population growth out paced job growth. Colorado will gain 103,800 new residents next year, including 62,500 net new migrants, pushing the state population above 5 million for the first time.
More than 100 economists, academicians and business leaders contributed to the 2008 Outlook, which Wobbekind described as the most difficult to put together among the report’s 43 annual editions.
Live Green - Buy Green - Live Green
last comments