Tracking Impact of the Pandemic and Recession on Northern Colorado
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:
- Overall, the regional economy looks fairly strong and outperforms its pre-pandemic self in many of the measures, but there are a few signals to watch –
- (1) job posting activity has eased a bit over the last few months – it did the same thing in the late summer of last year, but this could be a sign of the labor market softening up
- (2) average hourly earnings have come down somewhat, which reinforces the notion that the labor market could be softening
- (3) housing prices are starting to come down with rising interest rates
Click here to check out the tracker!
Our newest member Bike Fort Collins built and donated over 290 bikes for second graders in PSD’s Title 1 schools. Each child received a brand-new bike and helmet thanks to the support of several other Chamber members, including: Scheels, WaterPik, New Belgium Brewing, Neenan, Platte River Power Authority and Cushman and Wakefield. It is exciting to see Building Community in action! Thank you all for your investment in the lives of our students!