Colorado鈥檚 economy is growing more quickly in 2018 than projected, according to a new report from the听听at the University of Colorado Boulder. The state is on pace to add about 15,000 more jobs than expected.听
The Colorado Business Economic Outlook forecasted 1.8 percent job growth, or 47,100 jobs across the Colorado economy in the annual December report. That growth is now revised upward to 2.4 percent, or 62,600 new jobs by the end of the year.
With one of the lowest unemployment rates in the nation, Colorado is marking an increased labor force participation rate, enabling employment growth to outpace declining net migration more than business leaders expected.
One sector that is leading the way on job growth: natural resources and mining.
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