Home Economy Colorado economy continues slow recovery

Colorado economy continues slow recovery

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Colorado Secretary of State Jenna Griswold’s Office

The Colorado economy continues to notch improvements in job growth, gross domestic product (GDP) and existing entity renewals, but new entity filings fell in the third quarter 2021, according to a report released recently by the University of Colorado Boulder and Colorado Secretary of State Jena Griswold.

The Quarterly Business and Economic Indicators report is prepared by the Leeds Business Research Division (BRD) at CU Boulder in conjunction with the Colorado Secretary of State’s Office. The latest report shows that Colorado added 102,100 jobs between September 2020 and September 2021 (3.9 percent growth), and the state’s unemployment rate improved to 5.6 percent.

The state recorded 38,211 new business filings in the third quarter, down 2.7 percent from the previous quarter. Business renewals increased 4.7 percent in Q3, with 162,260 filings.

“While our economy continues its…

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