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 labor market remains tight, but job posting activity has been slowing. In spite of this, there are still more job postings than unemployed people and regional employers continue to add jobs.
- Aside from job posting activity slowing, building materials use tax receipts have been declining, which could be a reflection of tightening credit and reduced building activity.
- The hospitality sector is mixed with lower occupancy rates but much higher revenue per room.