Posts tagged news
CU Leeds School of Business: Positive, broad-based job growth forecast for Colorado in 2013
Dec 3rd
Colorado will continue on the road to recovery and add a variety of jobs in 2013 across almost all business sectors following a positive year in 2012, according to economist Richard Wobbekind of the University of Colorado Boulder’s Leeds School of Business.
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.
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Shock! get ready Boulder. ROMNEY predicted to win
Oct 26th
Boulder should brace itself for a huge loss on election day.
Not only has the University of Colorado twice predicted Romney would win the presidential election, but today’s national polls show Romney ahead by 3 points.
Not only has the University of Colorado twice predicted Romney would win the presidential election, but today’s national polls show Romney ahead by 3 points.
Hi Boulder. I am glad to be your president.
“The latest presidential polls indicate that Romney is leading Obama nationwide, 50% to 47%. That is the consensus between Rasmussen, Gallop, and ABC News. ” according to gather. Add Politico and AP says Real Clear Politics. Finally the Washington Post shows Romney inching ahead over 50% and gaining ground daily with women voters.
Where did Obama lose the election? He lost it in the first debate and never recovered. Obama looked burned out and tired and all done right there. The situation in Libya did not help. It looks like his entire administration lied to cover up it’s incompetence to protect the ambassador. Those failed Solar companies the government invested in didn’t help. Obama’s perceived anti business approach hasn’t helped.
Romney seems to have convinced the American people and especially Coloradoans that he will repeat what he did as Governor of Massachusetts. Romney has moved his campaign to the left in recent days.
Boulder passes out cold at the news.
As each day goes by it only gets worse for Obama. The hope and change message he brought in 2008 has now gone to Romney with his new slogan Big Change. The energy of the Romney campaign has begun to sweep the country. His Red Rocks show dwarfed Obamas rainy city park appearance.
Hillary Clinton resigned as secretary of state this week. That is not a good sign. She could have waited til after the election. Seems she knows it is all over. She is being blamed for the cover up in Libya.
Finally, Americas youth have turned on Obama and have switched sides to Romney. They just like him better. Romney s likability factor has shot up. He smiles a lot seems very nice, knowledgeable and trust worthy. He is also good looking. He looks fresh and alive compared to Barrack Obama who looks tired and worn out.
Obamas mistake was to not rest up and prepare for the campaign season. So steel yourself Boulder. Get ready for Mitt Romney.
Reports: CU degree as good as gold
Oct 15th
CU-Boulder degree rated highly
nationally for return on investment
nationally for return on investment
When it comes to landing “good paying” jobs and receiving a high return on investment, University of Colorado Boulder graduates are in good shape nationally, according to two recent reports.
CU-Boulder ranked in the top 20 in a recent report released by SmartMoney that rated the return on investment for 50 of the nation’s priciest colleges for out-of-state tuition. CU-Boulder, at No. 19, finished just behind Princeton University and ahead of Harvard University, Cornell University and Yale University in the rankings, which compared starting tuition (class of 2009) to recent and mid-career median salaries of graduates.
CU-Boulder also fared well in PayScale.com’s mid-career salary ranking, coming in at No. 35 out of 452 state schools ranked for return on investment.
“This is good news for our graduates,” said CU-Boulder Provost Russell Moore, the chief academic officer of the Boulder campus. “It is good news for the constituents of the state of Colorado and the parents of students who attend the University of Colorado.”
The median salary for recent CU-Boulder graduates (out of school three years) is $45,000, while the mid-career (out of school 15 years) median salary is $87,100, according to figures compiled by PayScale.com.
“What this shows us is the return on investment for our out-of-state students is very good, but for our in-state students, who receive the same median salary coming out of school, the return is even better because they don’t have to put as much money in up front,” said Lisa Severy, director of CU-Boulder’s Career Services office.
There are several reasons for CU-Boulder graduates excelling in the job market, according to Moore.
“For a large research university, we engage undergraduates in experiential learning,” Moore said. “Our students have significant opportunities to engage in cutting-edge research, creative work and studio activities. We engage them at a higher frequency than most other public research universities, in fact, I would argue, many private research universities.”
The interdisciplinary nature of the curriculum at CU-Boulder also plays a role, according to Severy.
“We have a lot of programs that are multidisciplinary,” Severy said. “Since the world of work is multidisciplinary, this training is especially marketable when you graduate, because our students are used to working with other people outside their specific areas of study.”
While proud of the recent rankings, Moore expects the bar to be even higher in the years to come.
“We think we bring a lot of value to higher education and we are very excited about some of our innovative programs that will move the bar even higher,” Moore said.
