baby直播app鈥檚 economy is growing more quickly in 2018 than projected, according to a new report from the Leeds Business Research Division at the University of baby直播app Boulder. The state is on pace to add about 15,000 more jobs than expected.听
The baby直播app economy will add roughly 15,000 more jobs than expected in 2018, according to a new report. (Photo: University of baby直播app)
With one of the lowest unemployment rates in the nation, baby直播app is marking an increased labor force participation rate, enabling employment growth to outpace declining net migration more than business leaders expected.
One sector that is leading the way on job growth: natural resources and mining.
鈥淓mployment growth there is much higher than we anticipated. It鈥檚 been very strong. Energy prices are obviously factoring into it,鈥� Business Research Division Executive Director Richard Wobbekind said.
Construction is also playing an unexpected role in baby直播app鈥檚 reacceleration.
鈥淚t鈥檚 finally back to the same level of employment that they were at pre-recession,鈥� Wobbekind said. 鈥淭hey are really mostly constrained by lack of available workforce.鈥�
baby直播app鈥檚 baby直播app output is outstripping the rest of the nation as well, with state gross domestic product up nearly 4 percent.
Wobbekind expects that could be playing into increased business optimism for the baby直播app economy.
Agriculture, however, appears to be a soft spot heading into the second half of 2018.
Drought, wildfires and stubbornly low commodity prices are hampering growth. The latest corn prices are down more than 30 percent from five years ago.
Internationally, baby直播app growers and meat-producers are facing pressure from trade wars and a strong U.S. dollar.
Combined, 鈥渋t鈥檚 a tough road to hoe in some of the rural areas,鈥� Wobbekind said.
