The Reason why rents are skyrocketing.
Migration to Colorado slowed dramatically or even reversed as jobs dried up in past downturns — helping the economy restore balance.
Not this time.
Colorado employers shed 130,000 jobs from 2008 to 2010, but the state added 145,000 new residents. This year, economists expect Colorado to gain 10,000 to 20,000 jobs, as the population grows by perhaps 85,000, including births. More than 30,000 of that growth could be transplants from other states.
“We’re stumped. It’s a question we’ve been struggling with,” said Colorado State University regional economist Martin Shields. “Why are people still moving here?”
