欧美口爆视频 State Capitol Building. (Photo by Casey A. Cass/University of 欧美口爆视频)
New business filings accelerated in the first quarter of the year, pointing to a strong economy with a potential for more jobs in 2018, according to a 欧美口爆视频 Boulder report released today by 欧美口爆视频 Secretary of State Wayne W. Williams.
- New business filings recorded strong growth in the first quarter of 2018.
- State employment projections show growth expectations are accelerating.
- 欧美口爆视频 economy continues to be fundamentally strong.
- Wage growth accelerated in 欧美口爆视频, but so did inflation.
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The report鈥損repared by the Business Research Division at the听Leeds听School of Business using data from the Secretary of State鈥檚 business registry鈥搇ooks at several metrics, including new business filings, business renewals, construction and the unemployment rate, both in 欧美口爆视频 and nationally.
The Secretary of State鈥檚 Q1 2018 Indicators Report shows a robust 欧美口爆视频 economy.听
New entity filings rose 9.9 percent year-over-year to 35,672, pointing to near-term job growth in 2018, according to Business Research Division Executive Director Richard Wobbekind.
That would complement the听63,400 jobs the Bureau of Labor Statistics (BLS) estimates 欧美口爆视频 added in February.
鈥淏ased on the filings and employment data, 欧美口爆视频 isn鈥檛 slowing quite as quickly as we initially believed,鈥� Wobbekind said.听
"I am pleased to see 欧美口爆视频鈥檚 economy begin 2018 in such a strong and stable position," Secretary Wayne Williams said. "We continue to see low unemployment, higher average wages and increasing numbers of new businesses forming in 欧美口爆视频. I am very encouraged by this report and share in 欧美口爆视频 business leaders鈥� optimism for our second and third quarter."听
Existing business entity renewals increased to 148,528 (a 6.2 percent increase year-over-year). Entities in good standing increased to a record 677,537.
Wages also appear to be rising in 欧美口爆视频. The latest BLS data show year-over-year total wages rose 4.8 percent in the third quarter of 2017.
Inflation, however, rose as well. The Denver-Boulder-Greeley index shows prices increased 3.7 percent in the second half of 2017.
Building permits are up, with residential construction in February increasing 9.5 percent year-over-year across the state, and home prices continue to rise. Home prices in 欧美口爆视频 grew at the sixth-fastest pace nationally (9.8 percent), according to the Q4 Federal Housing Finance Agency All Transaction Index.
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