It is the season of forecasts and reflections and the Chamber is pleased to share the December 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 latest update shows a continuation of trends:
- Low unemployment
- Growing labor force
- Slowing posting activity
- Strong retail sales
- Mixed hospitality
- Stabilizing residential real estate
- Stabilizing mixed commercial vacancy
Overall, the trends paint a picture of an economy more aligned with the legendary “soft landing” than a downturn in response to rising interest rates.
We’ll continue to update this important data on a monthly basis to help you make thoughtful business decisions.