According to the 42nd Annual Colorado Business Economic Outlook report, presented on Dec. 4 by Leeds School of Business economist Dr. Richard Wobbekind, Colorado’s economy is booming. The state’s employment rate, however, could see a decrease next year.
Wobbekind’s report states that Colorado is expected to add 42,300 jobs in 2007.
If this projection holds, the employment growth rate in Colorado will increase by 1.9 percent, compared to a 1.4 percent growth rate for the nation.
Wobbekind says the increase in employment opportunities could cause many people from across the United States to migrate to Colorado.
If this happens, “In 2007, the population will climb at a slightly higher rate than the labor force at 2 percent versus 1.9 percent,” Wobbekind stated in his report.
This will result in a rise of the unemployment rate to 4.8 percent, only slightly less than the national rate of 5 percent, according to Wobbekind.
The Campus Press caught up with a couple of seniors to find out if the findings of the report added any additional anxiety about graduating and finding a job.
Two students did not find the report to be alarming.
“I am not too worried because of the degrees that I am graduating with,” said Nick Allison, a senior engineering physics major and marketing major. “I also have confidence in my experience and knowledge, which, I think, is important in the workforce.”
***directory does not include his marketing major, but he stated this as one of his majors.***
Senior finance major Joshua Brass said, “I don’t plan on staying in Colorado after graduation, but if I were, I don’t believe that I would be too worried about finding a job.”
For a complete look at the 2007 Business Economic Outlook, visit http://leeds.colorado.edu.
