Colorado has a mixed story to tell about its five year recovery from the 2001 recession. After experiencing a deep recession in 2001, Colorado’s economy has shown both encouraging and discouraging signs. For example, by 2006, Colorado had recovered the jobs lost during the recession and unemployment across the state was down. However, while Colorado median household income continued to hover above the national average, it has stagnated in recent years and has not recovered to its 2001 or pre-recession levels. Overall poverty rates have remained largely unchanged, but there has been a disturbing trend of increasing child poverty. Additionally, growing income inequality and soaring numbers of families without health insurance have offset positive developments in the recovery and indicate potential trouble ahead for the State of Working Colorado.
Resources & Publications
State of Working Colorado 2007