UCCS Economic Forum

Forum Director William Craighead was recently quoted in The Colorado Sun: https://lnkd.in/gZUcKcwD

Forum Director William Craighead was quoted in The Colorado Springs Gazette, LLC about the latest state and local unemployment numbers: https://lnkd.in/g2Ez97mG

Weak preliminary November jobs numbers here, showing a decline of 1900 in the Pikes Peak Region (El Paso and Teller Counties) and 3900 statewide, with downward revisions in October. The monthly changes can be noisy at a local level, but the three-month average shows a softening trend that bears watching. Also, we should keep in mind a government shutdown will have more impact here than most places. We have about 13,000 civilian federal employees and 38,000 members of the armed forces. Total civilian payrolls are about 334,000, so more than one out of eight paychecks come from the federal government. Military and federal workers will eventually get back pay, but the uncertainty about when their next paycheck will arrive may cause them to be more cautious on spending until there is a resolution.

Forum Director William Craighead wrote about the metro GDP numbers for the Pikes Peak Region on page 28 of the latest issue of SO CO BUSINESS DIGEST: https://lnkd.in/ge34p_Ar

In this week's Economic Snapshot, we took a look at the single-family home market in the Pikes Peak Region: https://lnkd.in/dixmD4pn

Forum Director Emeritus Joseph Craig recently spoke to KKTV 11 News about the ruling blocking the merger between the parent companies of King Soopers and Safeway https://lnkd.in/gkPh8viW

The GDP of the Colorado Springs metro area (El Paso and Teller Counties) is larger than that of Vermont and Wyoming. That and more from the latest release of local GDP estimates in this week's Economic Snapshot video: https://lnkd.in/gCFj3Ynf

Forum Director William Craighead spoke with Brett Forrest of KOAA5 about the recently-released metro area GDP estimates showing that the Colorado Springs area produced over $53 billion in goods and services in 2023: https://lnkd.in/gjKqqYCE

Our latest Weekly Economic Snapshot looks at new estimates of the contribution of outdoor recreation to GDP, both nationally and in Colorado: https://lnkd.in/gstCXmt2

In his column on p. 30 of the latest SO CO BUSINESS DIGEST, Forum Director William Craighead unpacks the latest Colorado State Demography Office forecasts for the region: https://lnkd.in/gitN94DQ