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.
In the aftermath of the COVID-19 pandemic and trillions of dollars of pandemic relief spending by the federal government, the rate of inflation in the U.S. has grown sharply in 2021 and become one of the most-discussed economic issues of the day. High inflation levels erode savings and increase the costs of daily commutes, groceries, and other consumer goods.
On this episode of Common Sense Digest two of the leading authors and producers of the University of Colorado’s annual Business Economic Outlook report, Brian Lewandowski and Dr. Rich Wobbekind join Chairman and Host Earl Wright to discuss the report’s publication, its findings, and its intent to “provide…professionals across nearly every industry in the state with a forecast of Colorado’s economy by sector.”
Common Sense Institute has partnered with several local organizations and leaders to conduct a three-phase project to understand the many challenges and types of homelessness. This is Phase one of this project and is focused on the current resources dedicated to the homeless in Metro Denver.
Although September job growth was lower than what is needed to achieve a full recovery by January 2023, adjusted for population growth, Colorado reached an important recovery milestone last month. For the first time since the start of the pandemic, the labor force participation rate for Colorado mothers exceeded its pre-pandemic level.