Kevin McCasky: Colorado Economy to See Modest Growth in 2017

Long-time Colorado resident Kevin McCasky has spent years closely following the Colorado job market. Between 2015 and 2016, Colorado added 64,100 payroll jobs, resulting in a fifth-place ranking amongst states for rate of job growth during that period. This trend is expected to continue throughout 2017 and 2018.

According to the annual economic report released by the University of Colorado Leeds School of Business, Colorado is expected to see a two-point-four percent rate of growth in employment in 2017. With an expected addition of 63,400 jobs, Colorado will rank in the top ten for job growth amongst the rest of the county.

Similar post: https://kevinmccasky.wordpress.com/2017/07/17/kevin-mccasky-the-top-three-sectors-affecting-colorado-job-growth-in-2017

Natural resources and mining are expected to be the only sectors to not see growth due to a slowdown in oil and coal production. Construction, tourism, and financial services sectors will boost the highest growth rates with five-point-five percent, three-point-seven percent, and three-point-three percent growth respectively.

Colorado has experienced the highest rate of job growth since the mid-90s, according to economist and has maintained one of the lowest unemployment rates in the country. This is great news for Colorado residents like Kevin McCasky, who has continued to keep an eye on the economic growth of the state.

Kevin McCasky: The Top Three Sectors Affecting Colorado Job Growth in 2017

Kevin McCasky is a long-time Colorado resident who spent years working with companies and businesses in Jefferson County to create new jobs for its citizens. Colorado has the lowest unemployment rate in the country as of March 2017, according to the bureau of labor statistics, and is predicted to continue to see modest growth through the end of the year. With an expected addition of 63,400 jobs through 2017 and 2018, it is a great time for anyone seeking employment.

The largest contributor to the flourishing Colorado job market is the construction industry with an increase of five-point-seven percent growth. Due to the booming Colorado housing market, the industry is expected to bring 166,000 new jobs to Colorado.

As more and more tourist flock to the beautiful state, the leisure and hospitality industry is expected to increase by nearly three-point-seven percent, adding approximately 12,100 new jobs, according to the University of Colorado’s Leeds School of Business’ annual forecast.

Recommended post: https://kevinmccasky.wordpress.com/2017/05/10/kevin-mccasky-three-reasons-to-get-involved-with-your-community

Finally, the banking and financial sectors will also contribute to the Colorado job market with an estimated 5,300 new jobs being added in 2017. The industry is looking at a modest three-point-three percent growth by the end of the year.

Kevin McCasky, as the former President & CEO of the Jefferson County Economic Development Corporation, has maintained an interest in Colorado’s job growth.