Colorado can expect modest job growth through the middle of 2016, according to the latest employment report from economists at CU Boulder.
Their most recent quarterly report uses numbers from the Colorado Secretary of State’s office on new business filings. The number of new businesses rose in the first quarter of this year, after declining through the end of 2015.
"The rebound is reassuring," said Brian Lewandowski, research associate at CU's Business Research Division. "It’s consistent with what we’re seeing in the rest of the economy. It shows that Colorado is still on that healthy track of economic growth."
The Secretary of State reports almost 30,000 new businesses registered at the start of this year, up from about 23,000 in the fourth quarter of 2015.
But the state’s already low unemployment rate means some businesses are facing a shortage of talent.
"The companies that we spoke with said that it’s holding back their company growth or they’re having to pay higher wages for those employees they would like to retain," Lewandowski said.
Colorado’s unemployment rate was 2.9 percent for March.