Northern Colorado Employers Will Hire in 2008
An economist for a large fund manager recently said, “It is hard to imagine any time in history when such rampant pessimism about the economy has existed with so little evidence of serious trouble.” Sure, gas prices are through the roof and we have our share of foreclosure properties…..but employers in Northern Colorado are moving forward with plans for a very bright future.
At The Group, Inc.’s 2008 Real Estate Forecast, we conducted a “town hall” electronic survey with approximately 100 decision-makers of the region’s employers. They were asked questions about their company’s hiring plans and revenue projections for the coming year. Among the organizations who were invited to participate were Kodak Colorado, Poudre Valley Health System, Colorado State University, Kroll Factual Data, local governments, JBS Swift and Co. and Group Publishing. Participants represented more than 40,000 of the region’s employees.
56% said they plan to increase employment in 2008. 43% said they plan for litle or no change. None of them planned to decrease their workforce.
65% expect revenues to increase in 2008, 7% expect a decrease, and 26% expect little or no change. 1% were unsure.
The greatest ‘limiter’ to organization’s growth was economic conditions with 60% saying that would have the biggest effect on their growth. 20% cited taxes and government regulations. 12% are challenged by the availability of qualified workers and 8% said the cost of living and transportation and housing would hinder them.
This article brings up an interesting point. There’s a ton of miss-information out there that’s being coupled with a steady dose of hysteria. Unfortunately, it appears tha thet general public has bit hook-line and sinker. Not that we shouldn’t be worried about the economy. It’s not in the greatest shape, but like you said, there is positive data out here that’s not getting equal time.
Comment by Real Estate Raj — April 21, 2008 @ 5:05 pm