2Q will be -25% or -30% GDP growth
That's important for later bc city staff models are based on different "shapes" of recovery and the W one is the worst.
End of year? 8%, Wobbekind says
Next year: Possibly 6%
Biz confidence at the height of the recession: 29.9
BUT, the six-month outlook now is higher.
53rd as percent of total employment (Lowest among urban counties)
1.1M jobs pay above average wages. 41%. Average wage: $88,117
(This is slide 15)
Colorado lost 6.6% (but recovered so much faster)
Boulder County lost 6.8% and recovered slower than the state but faster than the nation
70,075 above-average paying jobs, 37.5%. Average wage: $116,849
• Boulder: 11.7% of employment are related to tourism
• Broomfield: 9.4%
That's versus some ski counties.
"We think restaurant recovery will happen faster along the metropolitan Front Range" bc it's serving locals.
"They're extremely pessimistic about the current situation but they're feeling a bit better about the future situation."
Wobbekind: It's a statistical sample. It's not huge but it's done very consistently and multiple times per month.
"We don't see recovery until we see a vaccine."
It's not "all about CU" but it does have an impact.