The Bureau of Labor Statistics recently released its Colorado employment data for March. The data shows that seasonally adjusted employment declined by 3,900.
As expected, U.S. retail and auto sales and most leading indicators have declined. The Conference Board has provided four scenarios for the economy - pick your poison. Unfortunately, they all indicate that Q2 is going to be tough.
Until the volatility subsides, the weekly unemployment claims are the best indicator of trends in the labor market. Some of the numbers are not for the faint of heart. For more details click here or go to https://cber.co/economic-updates/
A tip of the hat goes to the local, state, and federal public and private leaders who are trying to balance our safety and stabilize the economy. And a big hand goes to the medical and essential workers who are on the front line of the crisis everyday.