CU economist lowers job-growth forecast
DENVER, Colorado ” University of Colorado economists have lowered their forecast for job growth in 2008 amid high energy costs and continuing housing and credit troubles nationwide.
CU economist Richard Wobbekind (WAH-ba-kin) says that so far, Colorado is on track to meet his team’s forecast in December of 1.9 percent job growth in Colorado for 2008. But he said Monday he is now lowering that forecast to 1.5 percent on predictions of slower growth the rest of the year.
He says the revised forecast is still “at least a percentage point higher” than the national figure.
Private economist Tucker Hart Adams in April revised her forecast to 0.8 percent job growth Colorado in 2008, up from 0.5 percent.