Gessler releases fourth quarter economic indicators report

Forecast predicts "employment growth continuing well into 2013"

Denver, February 13, 2013 - Colorado Secretary of State Scott Gessler today released the Quarterly Business and Economic Indicators Report for the fourth quarter of 2012 (PDF). The report predicts sustained employment growth continuing well into 2013.

"Business filings increased again in the last part of 2012," Secretary Gessler said. "This bodes well for Colorado’s continued economic improvement, including continued employment growth."

This quarterly report completes the first year of reports released by the Secretary of State’s Office. The report is based on an analysis that found a strong correlation between new entity filings and total nonfarm employment. The forecast predicts year-over-year employment growth into 2013. Fourth quarter figures showed new entity filings increased compared to the previous quarter and the previous year with the highest number of fourth quarter new entity filings on record. Existing entity renewals were up compared to the prior year, but down compared to the prior quarter. Today’s release covers filing data from October through December.

The Quarterly Business and Economic Indicators report is published by the Business Research Division at the Leeds School of Business, University of Colorado Boulder, using data from the Secretary of State’s central business registry. Following the close of the quarter, the data is analyzed and the report prepared over the next month. The report is released the second Wednesday of the following month. The report covering first quarter 2013 will be released on April 10, 2013.

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