Business Buzz: Small business Saturday is this week
November 22, 2015
Across the nation, consumers are asked to shop local at small businesses throughout their region. This Saturday is Craig's Small Business Saturday. Be sure and get out and support local businesses.
Yampa Valley Data Partners releases economic trends
Yampa Valley Data Partners tracks economic trends for Moffat, Routt and Rio Blanco counties. Its Fast Facts report gives residents an idea the strengths and weaknesses in local and regional economies.
Unemployment rates dip in Moffat and RouttUnemployment rates dip in Moffat and Routt
Unemployment rates dip in Moffat and Routt
September unemployment rates in Routt were 2.6 percent and 3.3 percent in Moffat County, marking the lowest in both counties since 2007. Yet, Rio Blanco County loggd a 4.5 percent unemployment rate, which was up just slightly from the September 2014 rate of 4.3 percent, according to YVDP.
Mining still top wage earner in Moffat and Rio Blanco countiesMining still top wage earner in Moffat and Rio Blanco counties
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Mining still top wage earner in Moffat and Rio Blanco counties
According to YVDP, mining held its place as the largest industry in terms of total wages for both Moffat and Rio Blanco counties in the first quarter of 2015. Finance and Insurance took top spot as the industry generating the most total wages in Routt County.
The Mining industry accounted for the top weekly wage in both Rio Blanco and Moffat counties in the first quarter of 2015, with those jobs averaging $1,881 per week in Rio Blanco and $1,553 a week in Moffat.
In Routt, finance and insurance jobs paid the top wage at $5,744 per week.
Retail sales climb in Moffat and RouttRetail sales climb in Moffat and Routt
Retail sales climb in Moffat and Routt
Retail sales for the first four months of 2015 were up 12 percent in Moffat County and up nearly 7 percent in Routt County compared to the first four months of 2014. Over the same period, Rio Blanco County experienced a 6 percent dip in its retail sales.
Coal production at Routt's Twentymile takes big dip, production up in Moffat and Rio BlancoCoal production at Routt’s Twentymile takes big dip, production up in Moffat and Rio Blanco
Coal production at Routt's Twentymile takes big dip, production up in Moffat and Rio Blanco
Through July 2015, year-to-date coal production at Twentymile mine in Routt County was running 48 percent behind 2014, according to YVDP research.
At Deserado mine in Rio Blanco County, year-to-date production was up 52 percent, and Moffat County coal production for the year was up 27 percent.
Gas production lags in all three countiesGas production lags in all three counties
Gas production lags in all three counties
Gas production in Rio Blanco County through the first seven months of 2015 lagged 45 percent behind 2014 figures. Gas production also was down in Moffat and Routt counties.