It’s time again for our monthly update to the Economic Tracker. Your Fort Collins Area Chamber, working with other economic development and business support organizations across the region created a tool to track the economic recovery in Northern Colorado. This valuable resource is a set of indicators that represent critical aspects of the Larimer and Weld County economies, is based on data that is accessible in a useable format and is updated frequently with little lag time. The Economic Tracker provides great insight into the impact of the pandemic and recession on Northern Colorado.
The most recent update to the Tracker includes the following insights from our Economic Analyst, Caroline Alexander:
- The number of jobs continues to grow in the region. Northern Colorado now has 8,000 (or 2.8%) more jobs than it had, on average, in 2019. This is an ongoing, sustained trend for Northern Colorado.
- Even with the seasonal easing of the labor market, there are still more than 2 job postings for every 1 unemployed person.
- The hospitality and residential real estate sectors remain stable. The commercial vacancy rates show some softening in the market, particularly in Larimer Industrial and Weld Office.