As Colorado’s population steadily rises, many are quick to sport their “native” bumper stickers. The older the Subaru and rattier the bumper sticker, the better the bragging rights. It turns out though that Colorado is one of the most diverse when it comes to domestic migration.
Farming and ranching have always been the biggest industries in North Dakota. But now, oil has knocked agriculture from the top spot. Mining – which includes oil – is now worth $8.5 billion dollars in the state. Agriculture is closer to 7 billion.
It’s a milestone for a state that had hardly any oil production 10 years ago, and the change has created some tension.
An incline in job growth in Colorado is expected over the next four to six months.
Credit Ben Simo / Flickr - Creative Commons
Based on the number of new business filings in Colorado for the second quarter of 2014, employment numbers are expected to moderately grow through the remainder of the year. The positive forecast isn’t just based on new companies starting up here, but on year-over-year improvements in existing business renewals, trademarks and trade names that indicate more jobs are on the way.
Colorado's jobless rate has continuously been lower than the nation.
Credit Colorado Department of Labor and Employment / Bureau of Labor Statistics
June 2014 marks yet another gain in job growth and a steadily decreasing unemployment rate for Colorado. These gains can be thanked largely on the public sector, although private sector jobs are on the rise as well.
The state comes out ahead compared to the national average with several northern Front Range counties faring significantly better than the rest of the state.