Colorado Economy Outperforming the Rest of the Nation
4 November 2008
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Some good news from the State of Colorado Department of Treasury!
Cary Kennedy, State Treasurer
Eric S. Rothaus, Deputy Treasurer
………………………………..
Treasury Notes, October 2008
We all have been watching closely as our nation’s credit markets have experienced extreme stress in recent months. The collapse of some of our nation’s largest and longest-standing financial institutions has caused a crisis of confidence – and liquidity – in the global financial system. It is not yet clear how long these challenges will last or how broadly the impacts will be felt.
The good news is that Colorado’s economy is outperforming the rest of the nation. However, poor real estate and credit conditions continue to slow our state’s economy.
Colorado Ranking vs. The Rest of the Country
| Colorado | US | Rank | |
|---|---|---|---|
| Job Growth | 1.7% | .3% | 5th |
| Income Growth | 6.5% | 4.8% | 9th |
| Housing Permits | -44.2% | -40.6% | 40th |
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About Tom: Tom is a mortgage professional for the Get Home Denver Real Estate Team. A native of the Chicago area Tom has lived in Colorado since 1984. A graduate of the University of Colorado, Boulder, in 1987 with a business degree in finance, Tom enjoys Colorado’s spectacular snowboarding, mountain biking and golf. You can reach Tom at www.TomSchreiner.com |
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