COLORADO, USA — One group of economists is predicting a positive — but slower — growth story in Colorado next year.
In a 2024 Colorado Business Economic Outlook released on Monday, a group of researchers with the Leeds School of Business at the University of Colorado Boulder predicted that the state will add a total of 41,900 jobs in 2024 — which would put Colorado on pace to hit its slowest job growth rate in the last decade.
Most contributing factors are headwinds that the state's economy experienced this year: a predominant labor shortage, high inflation and interest rates and the rising cost of housing and child care, said Brian Lewandowski, executive director of the Leeds Business Research Division.
"Instead of being a top 10 state, which we were sort of used to being now for a decade, we fell into the bottom," Lewandowski said of the last year.
Next year, he said net migration out of the state could also contribute to some labor challenges.
>Read the full story at the Denver Business Journal.
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