According to a Colorado economist with the University of Colorado-Boulder's Leeds School of Business , 2012 has shown recovery for almost all business sectors in the state and 2013 is expected to continue that positive trend. Here are the details.
* The 2013 Colorado Business Outlook -- presented on Monday by the Business Research Division of Leeds School, led by executive director and economist Richard Wobbekind -- forecasts a gain of 42,100 jobs statewide in 2013. There was a gain of about 47,900 jobs this year, the division reported.
* With the exception of the information sector, including publishing and telecommunications, all sectors in the state are expected to grow in the coming year, positioning Colorado to again be one of the top 10 states for job growth in the nation.
* In 2011, Colorado ranked fifth in the nation for employment growth, though personal income was ranked at 13th and real GDP growth 14th, the report stated.
* Employment growth in 2011 for the state was at 1.6 percent, while the nation's employment grew at 1.2 percent. Colorado's per capita personal income grew 4.6 percent in 2011, slightly outpacing the nation's 4.5 percent.
* The strongest sector for growth in 2013, the division predicted, will be the educational and health sector, with an anticipated 7,600 jobs to be added in 2013, Leeds reported.
* The professional and business services sector and the leisure and hospitality sector is also expected to add thousands of jobs, mostly related to accommodation and food services.
* The state's largest business sector -- trade, transportation and utilities -- is expected to grow by 1.4 percent in 2013, according to Lees School of Business, and the construction industry is also anticipating growth along with an estimated $12.6 billion in total value of construction.
* Revenues from natural resources and mining in the state made that business sector a significant contributor to Colorado's GDP in 2012. Increasing value of crude oil and higher prices and production of coal indicate that the sector will offer a strong performance in 2013, as well.
* According to the report, in spite of one of the harshest droughts in more than 50 years, Colorado's agriculture industry is looking to see a net farm income of $1.4 billion in 2012. Next year, that income is also expected to exceed $1 billion, with strong prices for fed cattle and calves and an expanding dairy sector.
* Cattle and calves typically account for 60 percent of total farm and ranch cash receipts, a trend expected to continue in 2013, the report stated.
* Colorado's unemployment, currently at 8 percent, is expected to fall to 7.4 percent in the coming year, while the population is expected to increase by 1.5 percent -- or 77,500 people.
- Politics & Government