Colorado’s robust economy has added 405,400 jobs since April 2020, eclipsing the 374,500 jobs the state lost in March and April 2020. This represents a recovery rate of 108.3 percent which is 13.3 percentage points higher than the nationwide recovery rate of 95%. Colorado added 14,600 jobs in April and March’s employment level was revised downwards by 500.
The Colorado Option, signed into law in 2021, is a state-regulated health insurance program which requires carriers to offer “standardized plans” within the individual and small-group markets at reduced prices.
PERA’s current unfunded liability is $31 billion. This is one indicator of PERA’s funding status as it measures the difference between projected benefit demands, and the assets (current fund balance + future expected returns) that have been collected to cover those benefits.
Colorado’s robust economy has added 391,300 jobs since April 2020, eclipsing the 374,500 jobs the state lost in March and April 2020. This represents a recovery rate of 104.5 percent which is 11.6 percentage points higher than the nationwide recovery rate of 92.9.
Inflation in the Denver metropolitan area continues to run hot, particularly for housing. Overall price levels increased 2% between January and March and 9.1% over the last 12 months. The BLS reports housing inflation of 7.9%, but home prices (not a component of CPI) have increased 20.8% YoY through January 2021.