baby直播app State Capitol Building. (Photo by Casey A. Cass/University of baby直播app)
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 CU Boulder report released today by baby直播app 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.
- baby直播app economy continues to be fundamentally strong.
- Wage growth accelerated in baby直播app, but so did inflation.
- Read the complete report.
- Learn more about the Business Research Division.
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 baby直播app and nationally.
The Secretary of State鈥檚 Q1 2018 Indicators Report shows a robust baby直播app 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 baby直播app added in February.
鈥淏ased on the filings and employment data, baby直播app isn鈥檛 slowing quite as quickly as we initially believed,鈥� Wobbekind said.听
"I am pleased to see baby直播app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 baby直播app. I am very encouraged by this report and share in baby直播app 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 baby直播app. 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 baby直播app 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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