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Journal Article
How Has Real Wage Growth in the Rocky Mountain Region Outpaced Other States?
Real wage growth in the United States has returned to positive territory on average, driven by growing economic activity, healthy labor markets, and subsiding inflationary pressures. Wage growth is above the current inflation rate, easing but not yet offsetting challenges from recent inflation shocks. Real wage growth is relatively higher in Rocky Mountain States due to the types of jobs being added.
Journal Article
Poverty Thresholds Across the Rocky Mountain Region
The ability of households to purchase a certain amount of essential items can determine whether they are classified as being impoverished. These spending thresholds differ at local levels because the costs of reaching a specified consumption level vary from community to community. Poverty thresholds across the Rocky Mountain region often exceed national averages, with some counties having nearly 30 percent higher thresholds than the national level.
Journal Article
Colorado’s Current Employment Situation Driven by Key Industries
The unemployment rate in Colorado and the U.S. remains historically low, below 5%. However, Colorado’s unemployment rate recently surpassed the United States, a phenomenon not observed since the 1980’s. The recent rise in state unemployment and the relative slack in local labor market conditions is primarily attributable to weak labor demand in the technology and construction industries.