Mar 8, 2022 | 2022 Research, Featured Research, Recent Research, Research, Taxes & Fees
Colorado economic activity as proxied by taxable sales, generated from the purchase of taxable goods and services, has more than fully recovered. Through the end of 2021, this crucial driver of both state and local sales tax revenue has grown well beyond pre-pandemic levels, even after adjusting for population growth and recent inflation.
Feb 10, 2022 | 2022 Research, Featured Research, Inflation Reports, Jobs & Our Economy, Recent Research
In 2021, inflation in the Denver metropolitan area was the highest it’s ever been since the Bureau of Labor Statistics began tracking it in 1986. The largest two-month period of inflation occurred in late spring and a resurgence at the end of the year through January added an additional 2.6%.
Feb 2, 2022 | 2022 Research, Featured Research, Recent Research, State Budget, Taxes & Fees
The recent changes in state government employment vary greatly across each department. Though the Governor’s FY23 budget request proposes a 0.85% increase in the overall level of the state government’s workforce, five agencies are proposed to grow above 6%.
Jan 25, 2022 | 2021 Research, 2022 Research, Featured Research, Job Reports, Jobs & Our Economy, Recent Research, Research
Colorado added 9,000 jobs in December and November jobs were revised upwards by 5,000. The combined growth over the last two months of 2021 of 23,100 jobs presents a stark contrast to the prior year, when the two months combined for 25,500 job losses.
Jan 20, 2022 | 2021 Research, Annual Reports, Featured Research, Recent Research
As we close the door on 2021 and look to the future, the answer to our ongoing economic challenges remains the same: embrace the free enterprise system.
Jan 17, 2022 | 2022 Research, Featured Research, Jobs & Our Economy, Recent Research, Research
Due to the influence of the COVID-19 pandemic and the state government’s policy responses, Colorado’s unemployment levels spiked in early 2020 and caused the state’s Unemployment Insurance Trust Fund to become deeply insolvent.