Business Buzz: Data partners release Fast Facts for Northwest Colorado
Yampa Valley Data Partners tracks economic trends in Moffat, Rio Blanco and Routt counties, giving residents a glimpse of the economy in Northwest Colorado.
The following are what YVDP calls Fast Facts:
• Employment: Year-over-year April employment in Moffat is steady. Rio Blanco employment is down 54 employed workers, or 2 percent, and Routt is up 130 employed workers, which is a 1.9 percent increase. At 6.2 percent, Rio Blanco has the second highest April unemployment rate in Colorado.
• Retail sales: Spending in Moffat, Rio Blanco and Routt declined between October and November 2015. Year-to-date totals are 5.7% below November 2014 totals for Routt, with Rio Blanco’s spending down 34.6% from the previous year. Moffat saw a 13.2% decrease in sales when compared to the previous year.
• Real estate: Moffat and Routt median monthly rents are at their highest in the last 5 years. Moffat’s April foreclosures are at their highest rate for 2016. Routt and Rio Blanco have fewer foreclosures than April of 2015. All three counties have seen an increase in houses for sale.
Participate in The Longevity Project
The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.
• Precipitation: Yamcolo and Stagecoach reservoirs were over 100 percent of their capacity in April. Rabbit Ears, Buffalo Pass and Ripple Creak all still contain 119 percent of their average snow-water equivalency. However, Burro Mountain is only at 10.8 percnet of its average amount of snow-water. Both the Yampa and White rivers experienced their second peak of the season on May 22.
• Coal: Coal in Routt saw a jump in its monthly and yearly production levels. Despite Moffat and Rio Blanco experiencing continued gradual monthly decreases in production, all three counties produced 79 percent of the state’s coal in March.
• Oil and gas: Routt’s oil and gas productions continue to decrease, with Moffat and Rio Blanco seeing increases in both sets of production levels.
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The Craig Press’s long-planned Longevity Project event will be held in-person Wednesday as scheduled, despite a number of tweaks to the plan.