Business Buzz: YVDP releases info on area economics
Yampa Valley Data Partners released its economic Fast Facts about Northwest Colorado, giving residents an idea of the current economic climate. The following outlines Moffat, Rio Blanco and Routt economics:
• Employment: The number of employed workers in May in both Moffat and Rio Blanco counties decreased when compared to May 2015. Routt’s year-over-year employment for May has increased when compared to 2015, with its unemployment numbers decreasing for the same time period.
• Industry and Wage: The mining industry continues to remain in the top three of average weekly wages throughout the region.
• Real Estate: Median monthly rent continues to rise across the region. Routt experienced a 15.5 percent seasonal spike in the number of homes for sale in June. In all three counties, foreclosures were on the rise from the previous month of April, with Moffat foreclosures increasing by 119 percent.
• Precipitation: Yamcolo and Stagecoach reservoirs were at 100 percent capacity in June. Both the White and Yampa Rivers peaked on June 6, coming in at 110 percent and 134 percent of their 10-year average.
• Coal: Northwest Colorado produced 81 percent of the state’s coal in April. However, annual totals for 2016 are 23 to 44 percent behind total production in April of 2015.
• Oil and Gas: Compared to April 2015 extraction totals, Moffat, Rio Blanco and Routt experienced decreased oil and gas production in April 2016. However, Moffat and Routt gas production did increase from the previous month.
Intermountain Appliances moves back to original location
Intermountain Appliances in Craig moved back to its old location at 395 School St.
Three years ago, the appliance store moved to downtown Craig at 583 Yampa Ave. It is now back in its old location.
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The crisis on the Colorado River is not waiting for the state of Colorado to develop a program to avoid water shortages.