New Insights from June 2023 Economic Tracker

by | Jul 10, 2023 | From the CEO

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Ann Hutchison

PRESIDENT & CEO

For questions and comments on this blog, please email Ann at [email protected]

New Insights from June 2023 Economic Tracker

by | Jul 10, 2023 | From the CEO

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 region overall has gained more than 10,000 jobs since February 2020; however, Weld County is still struggling to recover its pre-pandemic job base. Regionally, the sectors that have gained the most jobs are leisure & hospitality and professional & business services. The sectors that have lost the most jobs are state education and mining, logging, & construction.
  • Job posting activity is back up and there are once again three job postings for every unemployed person in the region. That is a tight labor market!
  • After a relatively brief softening, the housing market is back up at its peak level but prices seem to have stabilized or are at least rising more slowly.

 

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