Colorado Economy Holds Ground as Inflation and Labor Shortages Raise Concerns

By Bernadette Berdychowski | The Denver Gazette

Inflation is up again, job growth is slowing and geopolitical turmoil has added the effects of high oil prices to the state’s economy.

Yet, despite those issues, Colorado’s economy continues to expand, according to a report from the University of Colorado Boulder released Tuesday.

The state added 28,600 jobs in June, up 1% year-over-year, the report said. Twelve industries in Colorado saw job losses and eight saw gains, with the most job growth consistently in the healthcare and social assistance sector.

Colorado’s economy in 2025 was largely defined by a period of uncertainty spurred by a slew of federal policy changes — from tariffs to federal worker layoffs — after President Donald Trump took office for his second term.

The report found much of the uncertainty caused by those policies has stabilized and the state was able to weather it with “soft growth.”

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