Quote:
Originally Posted by RaspberryD
Hey guys -
Denver Business Journal just ran a brief article on the unemployment rate:
http://www.bizjournals.com/denver/blog/finance_etc/2015/11/colorado-unemployment.html
The interesting thing about this article is really the several year look back and steady decrease in unemployment... despite the oil and gas issues. It seems to me that we're getting closer and closer to the unemployment percentage really just reflecting frictional unemployment (I have nothing really to back that up, just a gut feeling).
It's exciting to consider the effect our more diversified, growing economy will continue to have on the development in Denver and the greater metro area.
Pretty nifty, though I'm sure we could all look into the underemployment stats to dampen the spirits a little. |
Pretty amesome considering the loss of O&G jobs, as you mention. The difference in the Denver economy today vs late 1980s is rather amazing.
Hopefully DT can keep pulling more HQs and office construction keeps going. I have complete confidence residential will continue, especially if the condo-defect laws are amended (and the economy as a whole doesn't collapse).
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