Deficit reduction efforts and global competition have helped suppress inflationary pressure. The economy appears ready for continued growth in 1996. The economy continues to undergo a fundamental restructuring. Labor absorption continues to be strong under the current expansion. The slowing of the expansion accounts for the slightly higher unemployment rate.
Consumer confidence appears to be steady amid continued signs of economic slow-down.
This has been extremely strong growth, fueled by large numbers of immigrants. Nonagricultural wage and salary employment totaled 1,814,800 in 1995. Colorado has experienced eight consecutive years of solid job growth, with the last three showing extremely strong job growth. Only one sector lost employment in 1995. Oil, Gas, and Mining.