2012beof-111206092256-phpapp02

2 22496 2012b 289 1140 1261 4049 706 1425 3438 2801

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 392.6 2,272.6 2012 Colorado Business Economic Outlook employment growth from the prior years. In 2009 and 2010, the unemployment rate rose to 8.3% and 8.9%, respectively, as the state grappled with a declining labor force, increases in the number of unemployed, and population growth. The rate is projected to show a slight decrease in 2011 due to stabilization in the labor force number and a slight uptick in the number of employed. The unemployment rate is expected trend down to 8.4% in 2012, with the increase in household employment marginally outpacing growth in the labor force. Employment From 2001 through 2011, Colorado’s population increased by almost 673,000 people—a 15.1% increase—while adding a mere 22,700 jobs, a 1% total increase over 10 years. Growth during the decade was wiped out with the crushing loss of 128,000 jobs from year-end 2008 to year-end 2010. Colorado’s return to growth occurred in 2011, with the state adding 27,500 jobs. While the gains were modest—making up only 21% total jobs lost...
View Full Document

This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

Ask a homework question - tutors are online