Falling oil prices have shut down what had been Weld County’s best-in-the-nation job growth. A new Labor Department report shows the county at the heart of Colorado’s oil industry posted eight percent employment growth between December 2013 and the end of last year. But so far in 2015, Weld County job growth has been essentially zero, says Martin Shields, who directs the Regional Economics Institute at CSU.
"Last year was a phenomenal year, but what the oil markets giveth they taketh away it seems," said Shields. "When prices drop so precipitously, it shows you the whole boom-bust nature of the whole process."
You are one of the CPR readers who wants to know what is really going on these days. We can help you keep up - The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!