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CU Leeds School of Business: Positive, broad-based job growth forecast for Colorado in 2013
Dec 3rd
Wobbekind’s announcement is part of the 48th annual Colorado Business Economic Outlook Forum presented Dec. 3 by the Business Research Division of the Leeds School.
The comprehensive outlook for 2013 features forecasts and trends for 13 business sectors prepared by more than 100 key business, government and industry professionals.
“For the state, we see a very positive environment for 2013,” said Wobbekind, executive director of the Business Research Division. “We’re seeing a wide array of jobs being added and they’re diversifying our state economy.”
Overall, the forecast calls for a gain of 42,100 jobs in 2013, compared with a gain of about 47,900 jobs this year. All sectors of the Colorado economy are predicted to grow in 2013 with the exception of the information sector, which includes publishing and telecommunications.
When comparing the Leeds School forecast to employment outlooks for other states, Colorado is expected to be in the top 10 states for job growth in 2013 and perhaps in the top six or seven, according to Wobbekind.
Even with positive job growth projected for the state, Wobbekind said uncertainty from national and international factors will play a role in slowing growth during the first and second quarters of 2013. More momentum will occur in the second half of the year.
“Resolution of the so-called fiscal cliff and the resolution of the European debt crisis will have impacts on the national economy and that will filter down to the state level,” said Wobbekind. “Once that uncertainty gets resolved, we then expect business investments to start flowing again and consumers to start making decisions based on a known environment. We think the recovery will be quite a bit smoother after that.”
The strongest sector for projected job growth in Colorado in 2013 is the educational and health services sector. The sector is expected to add 7,600 jobs in 2013.
In addition, other leading growth sectors for 2013 include the professional and business services sector with 7,400 jobs added and leisure and hospitality with 5,000 workers added, mostly in the areas of accommodation and food services.
The trade, transportation and utilities sector is the largest provider of jobs in Colorado. It includes everything from wholesale and retail trade to a variety of transportation features such as the Denver International Airport and gas pipelines, as well as utilities. The sector is expected to grow 1.4 percent in 2013 with the addition of 5,600 jobs.
The construction sector is expected to grow by 6,300 jobs in 2013 — up from a 2,800-job increase this year — and produce $12.6 billion in total value of construction. While the biggest surprise in the sector is the demand for infrastructure work, the number of new multifamily units built is a contributing factor to the increase, among others.
Commenting on the overall forecast, Wobbekind said, “It’s great to be giving positive news to people year after year. Confidence levels nationally are at their highest levels in five years. We’re really starting to see a lot more optimism on the part of the average person on the street about the future.”
Colorado’s unemployment rate is expected to decrease from 8 percent in 2012 to 7.4 percent in 2013, which is comparatively better than the national unemployment rate.
Colorado’s population grew by 1.4 percent, or 71,000 people, in 2012 and is projected to increase by 1.5 percent, or 77,500 people, in 2013. Roughly half of the increase will derive from net migration, or the increase of people moving to the state.
To view the entire economic outlook for Colorado in 2013, including an overview of each of the state’s major economic sectors, visit http://leeds.colorado.edu/BRD and click on the Colorado Business Economic Outlook 2013 icon.
The Flower Bin – Christmas Open House
Dec 2nd
Boulder Channel 1 visits the Flower Bin in Longmont again this holiday season for the Christmas Open House. We talk to owner Don Weakland about their huge holiday inventory during the Christmas season, including Fresh Cut Christmas trees, the wonderful selection of Poinsettias. wreaths, decorations, Christmas cactus and even indoor fruits. Also this year is the first time the Flower Bin invites Santa Claus to meet with kids and bring holiday cheer to all.
Buffs Fall Hard In First True Road Test
Dec 2nd
LARAMIE, Wyo. – The Colorado Buffaloes knew their first true road test of the season would be difficult, but they might have made it harder than it had to be.
Committing 17 turnovers while managing just 11 assists and allowing Wyoming’s inside game – read: Leonard Washington – to dominate, the No. 19 Buffs were overrun by the Cowboys 76-69 on Saturday night in the boisterous Arena-Auditorium.
“It doesn’t take a rocket scientist to figure out why we lost this game,” said CU coach Tad Boyle, citing an assist-to-turnover ratio that continues to disappoint, 14 layups allowed (seven in each half) and his team permitting Wyoming to shoot 52 percent in the second half of a game that the Buffs led by two (28-26) at intermission.
Continued Boyle, who watched his team lose for the first time this season (6-1) and only the second time in its last 13 games: “I’m disappointed in our execution in the second half. We have to get better in a lot of different areas.”
The Cowboys’ 6-7 Leonard Washington scored a team-high 22 points – most of them inside as Wyoming outscored CU 30-24 in the paint. The unbeaten Cowboys (8-0) also turned the Buffs’ 17 turnovers, which tied the season high, into 20 points.
Spencer Dinwiddie led the Buffs with 24 points and Andre Roberson added 16 and 12 rebounds – his 28th career double-double. CU’s other pair of top scorers – guard Askia Booker and post Josh Scott – accounted for 11 points between them. Booker (16.8 ppg) was held to a season-low six points – a three-pointer in each half, while Scott (14.5 ppg) scored five before fouling out.
Two of Scott’s teammates – Roberson and Sabatino Chen – also fouled out. The Buffs were whistled for 27 fouls to the Cowboys’ 13, a disparity that Boyle believes worked too much on some of his players’ psyches.
“It’s going to happen,” he said. “We’ve got to figure out a way to overcome that. They can get frustrated and bitch about it all they want – it doesn’t change things. The way you do that is with mental toughness and not let it get in your head, get you out of your game.”
Boyle also pointed to a hustle play made by Washington midway through the second half that he believed epitomized the night for the Buffs. It occurred when the Cowboys began pulling away with an 11-3 run. Washington went to floor for a loose ball, corralled it and called time out. Meanwhile, five CU players bent at their waists and poked at the ball.
“He out-scrapped us and got it,” Boyle said. “He ‘beasted’ us last year (16 points in a 64-54 Wyoming win). What you saw with Leonard Washington was a senior who was playing his last time against a team like Colorado that was in the Top 25. He wanted this game . . . he took four or five charges himself. It was in the scouting report.”
The Buffs, said Boyle, failed to play hard, smart or together: “We’ve got guys who have to change their identities from offensive players to defensive players, defensive players to rebounders, screeners, passers – and then let the offense come to you . . . we’ve got a lot of guys on this team who can put the ball in the basket. Not just Josh, Ski, Spencer, Andre – guys coming off the bench can (score). But our mindset right now is not a collective one, not what it needs to be.”
Booker, who was 2-of-13 from the field (one trey in each half), “does not handle adversity well,” Boyle said. “He has to get better when his jump shot’s not going in and when the officiating isn’t bailing him out. That’s the bottom line. He knows it, I know it, the assistant coaches know it, his teammates know it. Until he does, he’s going to be frustrated on nights like this because people are going to start face-guarding him, bumping him, being physical . . . he’s got to figure it out.”
The Buffs, as a whole, have until Wednesday night to figure out how to solve the deficiencies Boyle has laid out for them. Archrival Colorado State (6-0) visits the Coors Events Center in the second game of men’s/women’s doubleheader, and if CU doesn’t improve over the next three days, CSU “will obliterate us,” Boyle said. “They’ve got a toughness about them. You talk about rebounding and defending, look at Colorado State. They rebound and defend. They’re exactly what we need to be, and that’s why they’re undefeated right now. We’ve might have lost a little bit of our hunger now, I don’t know. We’ll find out Wednesday night.”
The 6-10 Scott wouldn’t concede that the Buffs have encountered complacency. “We’re as hungry as ever,” he said. “I know all of us are really competitive, we all want to be the best we can be.”
If they weren’t at their best in Saturday night’s first half, they were close enough to stay competitive. With Wyoming’s largest crowd (8,240) in eight seasons watching, the first half might have unfolded just as CU envisioned. The Cowboys aren’t interested in getting up and down the court, and they made sure the visitors couldn’t. Neither team had a fast-break basket in the opening 20 minutes.
CU did manage a two-point lead in a first half that featured seven ties and eight lead changes, but the Buffs’ 28 points was their lowest first-half output of the season. It was an omen, for CU finished shooting 41.4 percent from the field (24-of-58) for their lowest percentage of the season.
The Buffs encountered early foul problems, with Roberson, Xavier Johnson and Josh Scott seeing their minutes limited after picking up two fouls each. Roberson played nine minutes but still had seven first-half point, tying Dinwiddie for the team lead. Scott and Johnson played 10 minutes each. The Buffs stayed close, even leading on a couple of occasions, in the first 5 minutes of the second half. It didn’t help CU when Scott was whistled for his third foul at the 12:45 mark and went to the bench for 4 minutes. Wyoming went up by six (45-39) on an inside basket and free throw by Washington and two free throws by Luke Martinez.
A Dinwiddie trey cut the deficit in half (45-42), but the Cowboys reeled off an 11-3 run and suddenly were up 51-42 with 9:16 remaining. And in this game, at Wyoming’s pace, a nine-point lead looked pretty cushy. Boyle called a timeout to settle the Buffs.
CU pulled to within five (55-50), but a Washington desperation three-pointer with the shot clock at one second restored Wyoming’s eight-point lead (58-50) at the 5:12 mark.
If the Buffs were going to remain unbeaten, it would be up to their defense. But allowing a full-court pass to Martinez on an out-of-bounds wasn’t the way to finish strong. His layup pushed the Cowboys back up by nine (61-52) with just under 4 minutes remaining – and it was all Wyoming thereafter.
Said Dinwiddie: “We didn’t play defense, plain and simple. They buckled down and made plays and we didn’t make plays.”
Dinwiddie claimed the loud Cowboys crowd didn’t disrupt the Buffs: “I don’t think so . . . we missed some shots, but I don’t think the crowd had much to do with it. The crowd doesn’t change the way the opposing team plays defense.”
Now comes CSU, which edged CU 65-64 last season in Fort Collins. Dinwiddie said Saturday night’s first loss of this season doesn’t make the Rams’ visit to Boulder any more significant: “It’s a big game either way. They’re probably going to be Top 25 now, we might or might not still. It’s our place, they beat us last year and rushed the court.
“They’re our biggest rival. You really can’t set the stage any higher than it already was . . . it’s still going to be crazy. We want to prove to ourselves more than anything (and) get back to the way we should be playing.”
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