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:
- Unemployment is a little lower this month as the new labor force participants are being absorbed. I see this as a normalizing of the jobs market in Northern Colorado. We continue to see two jobs available for every unemployed person in the region.
- Wages, job growth, and retail sales all remained strong. Overall, the regional economy continues to hum along.
We’ll continue to update this import.