BoCo unemployment rate in 2010: 6.9%
159K jobs in 2010
196K jobs today
Retail vacancy rate in 2010: 7%
SF home median price 2010: $535,000 (city of Boulder)
She'll be followed by CU economists Rich Wobbekind and Brian Lewandowski. (They also give nice and informative presentations.)
Startling. Wow. Can't wait.
She asks ppl who aren't from CO to put their hands up. It's almost everybody.
Answer: World War I and the Spanish Flu. Two very bad things for population.
95% of growth in CO has happened in the Front Range in recent years.
525K fewer births per year in U.S. than the 2007 peak
2010-2020 will be the same thing.
We're just not having a lot of babies here.
BoCo gained ~30,000 ppl over the last decade, among the slowest in the Front Range. Roughly 10%.
Extra info from me: City of Boulder's rate was more like 5% over that same time.
(This is info I pulled for TRENDS.)
Where are they going? Western and northwestern states.
(This is for CO as a whole.)
Out of Boulder: Denver, Broomfield, Larimer, Adams, Wyoming
Lots of ppl commuting in (91,000) but also commuting out (58,000)
Oh my god. I'm OLDER than that. UGH. It feels weird to be on this side of the slope, or what Garner just called "the death curve."
And we've got about the same amount of Boomers and Millennials.
Which explains why city gov't gets so contentious.
All the growth will be in 65+ y.o. About 24,000 more ppl in that age group
8K increase in 18-64 (prime working-age population)
Big sound of shock and sadness from the audience at that second statistic. "CO can do better," Garner says.
6.7% when you lump in under-employed rate
"What's really interesting ... you see both the most slack we ever had since WWII in 08-09 and the least slack we've ever had, right now."
That's driving consumer spending, which is 70% of nat'l economy. Ppl are buying goods but also more services than ever.
One exception: Used cars, bc new ones are so expensive. Avg. new car is $50K, Wobbekind says.
But to me, she is priceless. Long live Roxie!
"It's very, very hard to find workers. ... Immigration policy is huge for (this economy) and we don't seem to be figuring it out."
All-time high in CO was 74% in 1998(?) I believe the slide says...?
"We're looking at strong wage growth, strong employment growth," Wobbekind says. "Only Denver and Broomfield have higher wages."
Very, very low.
Wobbekind: "How do you keep the talent pipeline when you don't have people? How do you match up housing to the workforce? It might very well mean a more sophisticated transportation system."
Much of the state is still in drought conditions, especially in ag areas, Wobbekind says.
We'll see if that boosts ppl to affordability and a livable wage, Wobbekind says.
Pretty sure I wrote that with just a *touch* of sarcasm.
It's here: Boulder has been No. 1 on this index since it's creation as a brainy destination.
Not surprising, given our wealth. But still interesting.
(Which I love, bc I also drive a shitty little four-banger.)