Good signs for state economy

More than 87,300 new businesses filed with the Colorado Secretary of State’s Office during the 12 months that ended June 30, a 10 percent increase over the 12 months that ended June 30, 2012, according to a report Wednesday from Secretary of State Scott Gessler.

Colorado also recorded more than 21,400 new entities in the second quarter, a 6 percent increase over second-quarter filings in 2012, the report said.

The higher number of business filings in the second quarter “suggests that Colorado will set a new employment record” in the third quarter of this year, according to the report.

The secretary of state’s report on employment appeared to back up his rosy prediction, with Colorado’s non-farm employment showing an increase of 2.7 percent, or 62,400 jobs, during the 12 months ending June 30.

Meanwhile, the unemployment rate dropped to 7 percent in June, down from 8.2 percent a year ago, the report said.

During the 12-month period that ended June 30, annual average wages in Colorado grew 3.3 percent and personal income rose by 4 percent.

The number of Colorado business firms in good standing also grew. A total of 513,063 were in good standing on June 30, a 9.5 percent increase from a year earlier.


Commenting is not available in this channel entry.

Search More Jobs

734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050; M-F 8:00 - 5:00
Subscribe to print edition
eTear Sheets/ePayments

© 2017 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy