Colorado Economy Rated Tops In Nation

Dated: 08/20/2014

Views: 669

Denver Business Journal 8/19/14

By Mark Harden - News Director

Colorado comes out on top in a Business Insider ranking of the nation's top economies.

The national business and technology news website said it evaluated each state on eight measures, including unemployment, the number of non-farm payroll jobs, gross domestic product, average wages, the working age (18-64) population, value of international exports, house prices and auto sales. ( Methodology details here.)

Colorado "was in the top 10 states on five of our metrics, and in the top 15 on the other three," Business Insider said. It said the local economy is "highly diversified, and it especially boasts a strong aerospace sector and a huge amount of federal investment."

It noted a 2.8 percent growth in parole jobs in the state over the 12 months ending in June, and a 3.8 percent growth in state gross domestic product last year.

All in all, said Business Insider, "Colorado's economy is broadly growing at a healthy clip, and so it comes in as the overall winner."

California came in at No. 2, followed by Texas, Arizona and Utah.

Alaska held down the bottom spot in the ranking, with Business Insider noting the depletion of the state's oil deposits, followed by Vermont and New Mexico.
Blog author image

Ranae Urso

My name is RaNae Urso and I specialize in residential sales and buyer representation in the Denver Metro area. I have been in the real estate business over 14 years of my 30 years in Colorado. I enjo....

Want to Advertise on this Site?

Latest Blog Posts

Ultra Luxurious Soho Penthouse Is This Weeks Most Expensive New Listing

Highest Listing This Week for a Penthouse in SoHo! Can you quess how much ?!!?? .......$65 MILLION= 8000sqft + 4Beds + 6Baths  The kitchen reminds me of a

Read More

Gorgeous Condo 5 Minutes From The Lake Under 250k

Gorgeous well maintained condo off of C470 and Wads. Quick 5 minutes to the entrance of Chatfield Reservoir. Swim beaches, campground, recreational ponds for paddle boarding, canoeing, kayaking

Read More

Open House In Crystal Valley Ranch Castle Rock

You have to come see this model-like home in the new Crystal Valley Ranch community.  Only one year old, this home is great for those looking for a quiet and secluded neighborhood full of

Read More

New Friday Listings In Parker Colorado

Take a look at this great new listing in Parker, Colorado! This home offers 3 beds, 3 baths, and over 3000 total sq. ft. Call, text, or email me with any

Read More