CU economists say Colorado economy still growing


BOULDER | University of Colorado economists say the state’s job growth rate is at about 1.6 percent midway through the year, which would put the state on a pace to add about 35,000 jobs in 2012.

In December, economists with CU Boulder’s Leeds School of Business predicted 23,000 jobs would be added this year.

In a midyear update Thursday, CU economists said every industry except government and information is registering year-over-year employment growth. Economist Richard Wobbekind of CU says sectors with the largest growth include professional and business services, construction, education, health services, and leisure and hospitality.

Wobbekind says the warm winter and low snowfall may have hurt tourism, but they helped the construction industry start projects earlier than normal this year.