The headwinds that have slowed Colorado's economy this year are likely to continue into 2024.
COLORADO, USA (`) — A group of economists is predicting a positive — albeit slower — growth story for Colorado next year.
In a Colorado Business Economic Outlook for 2024 released Monday, a group of researchers from the Leeds School of Business at the University of Colorado Boulder predicted the state will add a total of 41,900 jobs in 2024 — putting Colorado on track to meet its goals slowest employment growth rate in the last decade.
Most contributing factors are headwinds the state's economy has faced this year: a prevailing labor shortage, high inflation and interest rates, and rising housing and child care costs, said Brian Lewandowski, managing director of the Leeds Business Research Division.
“Instead of being in the top 10 states, as we have been used to for a decade, we ended up at the bottom,” Lewandowski said of last year.
Next year, he said net migration out of the state could also contribute to some labor challenges.
>Read the full story here Denver Business Journal.
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