Colorado's economy is facing a concerning trend, and the numbers don't lie. This episode delves into the state's job market, where the latest reports show a downward spiral. The speaker takes a closer look at the data, questioning the accuracy of the numbers and the impact of various factors on the state's economy.
The conversation starts with a discussion about the recent revision of job numbers, which has left many wondering what's behind the sudden change. The speaker digs into the numbers, highlighting the discrepancies between the original and revised reports. They also explore the state's unemployment rate, which has been steadily increasing, and the reasons behind it.
One of the key points discussed is the state's housing affordability, which has become a major issue. The median house price in Denver is now 27% higher than the national median, making it difficult for people to afford living in the state. This, combined with the rising cost of doing business, has led to a decline in the number of businesses and jobs in the state.
The speaker also touches on the topic of migration, highlighting that Colorado is the only state in the Mountain West that lost residents to other states on net. They also discuss the impact of the minimum wage, paid family leave, and other policies on the state's economy. If you're curious about the state of Colorado's economy and what's behind the recent trends, tune in to this episode to hear the speaker's analysis and insights.
See omnystudio.com/listener for privacy information.