Colorado unemployment rate continued drop in July

Broomfield

DENVER — Colorado’s unemployment rate continued its months-long downward plunge in July, creeping within a half a percentage point of the pre-COVID-19 pandemic low. The seasonally adjusted jobless rate fell one-tenth of a percentage point in July to 3.3%, the lowest the figure has been since February 2020, when it was 2.8%, according to Colorado … Continued

Colorado unemployment rate falls to 3.5%

Broomfield

DENVER — Colorado’s unemployment rate dropped to 3.5% in May 2022, the lowest since February 2020, according to new data released Friday by the Colorado Department of Labor and Employment. That dropped the state below the national average of 3.6%, the first time since October 2021 that Colorado has had a lower unemployment rate than … Continued

Colorado unemployment level syncs up with national average

Broomfield

Unemployment in Colorado matches the national average rate of 3.6%, according to new data about April 2022 provided by the Colorado Department of Labor and Employment today.  Ryan Gedney, senior labor economist with the Colorado Department of Labor and Employment, was optimistic about employment levels in a press call. The April unemployment report also found … Continued

Colorado bankruptcies decline 33% in March

Broomfield

DENVER — Colorado bankruptcy filings dropped 33.4% in March compared with the same period a year ago, continuing a pattern of declines seen throughout 2021 and thus far in 2022. Filings also dropped in Boulder, Broomfield, Larimer and Weld counties compared with the year-ago period. That’s according to a BizWest analysis of U.S. Bankruptcy Court … Continued

Colorado bankruptcies decline 26% in February

Broomfield

DENVER — Colorado bankruptcy filings dropped 25.8% in February compared with the same period a year ago, continuing a pattern of declines seen throughout 2021 and thus far in 2022. Filings dropped in Boulder, Larimer and Weld counties, with only Broomfield recording a single filing more than in February 2021. That’s according to a BizWest … Continued

Weld real GDP drops 11% in 2020, fourth worst in Colorado

Broomfield

Weld County’s real gross domestic product dropped 11.5% in 2020 as the economy suffered from the COVID-19 pandemic, including sharp declines in demand for oil and natural gas. The data look even worse when examining nominal GDP. While real GDP represents the total value of goods and services produced, adjusted for inflation, nominal GDP calculates … Continued

Growth-inspired road projects continue to snarl area travel

Broomfield

The first half of 2022 saw the continuation of a series of major improvement projects that began during the past two or so years along Interstate 25, the main artery connecting Northern Colorado and the Boulder Valley with the wider Front Range.  Those projects — most of which center on adding a lane and replacing … Continued