Did Colorado’s economy lose a decade?

In January 2000 Colorado’s unemployment rate was 3.1 percent. In December 2010 the state’s unemployment rate reached 8.8 percent and is still climbing. Over the course of the decade, Colorado added only 38,000 jobs, while the working age population increased by more than 500,000. Meanwhile, wages have been flat, and real median household incomes have declined. By many measures, the 2000s were a lost decade for the Centennial State.

In the wake of the Great Recession, the nation’s economy is finally on the mend. Consumer confidence is increasing, businesses have started to hire, and the housing market is starting to stabilize. The economic recovery, though painfully slow, is underway.

Despite the state’s current troubles, Colorado has an opportunity to lead the post-recession recovery. The state is home to a highly educated, creative and talented workforce. Entrepreneurs are taking ideas and innovations and turning them into dynamic companies on the western slope, front range and eastern plains.

While Colorado’s economic fate is largely tied to the performance of its private sector, there is no denying the importance of effective state and local government policy making and robust partnerships with the economic development community.

The Regional Economics Institute at Colorado State University provides information and analysis to economic development decision makers across the state. Our goal is a simple one: improving economic well-being in Colorado.


1 Response to “Did Colorado’s economy lose a decade?”

  1. 1 Mr WordPress February 22, 2011 at 11:50 pm

    Hi, this is a comment.
    To delete a comment, just log in, and view the posts’ comments, there you will have the option to edit or delete them.

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