June 2005
Fifteen of 18 economic variables post positive movement for 2005
Even as national economic growth is starting to slow, the economic recovery in Metro Denver is showing steady improvement as indicated by several indices and data points, according to data compiled by the Metro Denver Economic Development Corporation (Metro Denver EDC) in its Monthly Economic Summary for June 2005.
Metro Denver employment increased by 8,100 jobs in April, a 0.6 percent increase over March employment figures. Year-to-date employment levels are currently 2.2 percent ahead of levels through April 2004.
“As the national economy continues to give mixed signals, the Colorado economy shows continued signs of strength and growth,” said Tom Clark, executive vice president of the Metro Denver EDC. “Of the 18 indicators that we track, 15 show positive movement for the year. This is good news and points to the re-emergence of Metro Denver as a solid investment opportunity. We are beginning to see the impact of our national marketing and public relations campaign.”
Other indications that the Metro Denver's economy is recovering is that the unemployment rate in the seven-county Metro Denver area decreased to 5.3 percent in April from 5.7 percent in the prior month. The 5.3 percent rate is the lowest since November 2004.
The Monthly Economic Summary provides a snapshot of metro area economic activity and its relation to regional and national economic trends.