Business Buzz: DBA to host downtown cleanup day May 17 | CraigDailyPress.com

Business Buzz: DBA to host downtown cleanup day May 17

Craig Daily Press Staff Report

The Downtown Business Association will host downtown cleanup day from noon to 6 p.m. on Sunday, May 17. Those who want to volunteer to help clean downtown should meet at the Community Budget Center at noon on Sunday, however volunteers can show up at anytime throughout the six-hour cleaning period. For more information, call Karen Brown at 970-824-7898.

New figures highlight Northwest Colorado's economics

Yampa Valley Data Partners released its Fast Fact figures for the Yampa Valley, highlighting key trends in industry, employment and retail news — to name a few.

Employment

February 2015 unemployment rates in Routt were 3.7 percent, 6.3 percent in Moffat and 6.5 percent in Rio Blanco, all showing improvement from the same time one year earlier. The Colorado unemployment rate in February 2015 stood at 4.7 percent while the U.S. rate was 5.5 percent.

Industry

Mining held its place as the largest industry in terms of total wages for both Moffat and Rio Blanco counties in the third quarter of 2014, accounting for about a fifth of all wages. Construction led the way as the largest wage-producing industry in Routt County.

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Retail Sales

Latest available state retail sales figures showed Routt County (7 percent) and Rio Blanco County (5 percent) outpacing year-to-date figures from the previous year, with Moffat County running behind its previous-year figures by about 6 percent.

Real Estate

February 2015 median list prices for homes were up 13 percent in Rio Blanco and 19 percent in Routt and down by 11 percent in Moffat County compared to the same time the previous year. Favorable foreclosure ratios were running at lower than 0.5 of every 1,000 homes.

Energy

January 2015 coal production was up 47 percent in Moffat and 86 percent in Rio Blanco, and down 45 percent in Routt, compared to the same time the previous year. January 2015 oil and gas production trailed previous-year figures in all three counties.

Climate

The end of March found snow-water running 20 to 30 percent below 10-year averages. Stagecoach and Yamcolo reservoirs were holding at 25 percent and 14 percent above usual water levels respectively. The Yampa and White rivers were flowing above 2004-2014 averages.