National Economic Forcast

Relocating to Denver a Smart Move Thanks to State Economic Outlook

After a strong economic performance in 2014, Colorado finds itself ranked in the top five nationally for wage and salary growth, personal income growth, and employment growth. But, is this success expected to carry over into 2015?

According to projections released recently at the 50th annual Colorado Business Economic Outlook (CBEO) event, the state is on track for even greater economic expansion in the year ahead. That’s great news for current residents or anyone considering relocating to Denver in the near future.

In 2015, almost every business sector is expected to add jobs in Colorado, which will provide plenty of fuel for the local economic engine.

Denver’s high-tech and diversified economy, global economic access, relatively low cost of doing business, and exceptional quality of life will ensure both short- and long-term economic growth locally. The workforce here is more skilled, but also older than average.

Most importantly, for those thinking about relocating to Denver, there is a shortage of qualified, available workers in many industries. Jobs are there to be had. In fact, according to the CBEO report, an estimated 61,300 jobs will be added throughout Colorado in 2015.

The annual outlook report confirms what we already know: Colorado has very bright economic prospects compared to many other regions and states in the US, making this area a prime target for anyone looking to expand their job opportunities or improve their quality of life.

If you’re thinking about relocating to Denver in 2015, browse through our Denver real estate listings by neighborhood. If you’re relocating a family, check out our list of ...

National Economic & Financial Market Update

2013 National Economic & Financial Market Update   

Looking to the futureI had the distinct pleasure of attending the Downtown Denver Partnership’s forum which featured Jim Paulsen’s 2013 Economic and Financial Market Outlook. Jim Paulsen has been named a Top Economic Forecaster by BusinessWeek and has twice been named Interest Rate Forecaster Of The Year by BondWeek. He is a regular contributor on CNBC and Bloomberg and is currently the Chief Investment Strategist at Wells Capitol Management.

If you have never seen Jim Paulsen speak, he is very dynamic and supports all his predictions with straightforward market data condensed down to show trends over the last 50 years.

The meat of his outlook centered around a concept he coined as “The Gear Year”.

The Gear Year is the year following a recession where growth returns to the economy. Prior to the 1980’s when an economy moved out of recession, confidence returned quickly followed by immediate job creation. That trend has slowed considerably since the mid 1980’s. What we see today - as our economy moves out of recession it takes 4 years for confidence to result in job creation. The 4th year is “The Gear Year”. Jim predicts that 2013 is the US economic Gear Year. Every economic recovery since the ‘80s has shown this trend and has resulted in a slow starting and long lasting recovery. Jim’s predictions are for a 10 year recovery period with a growth rate around 3%, hinged upon inflation.

Delayed and sustainable economic recovery predictions were...