I recently attended the 2011 Boulder Economic Summit. While there were multiple interesting speakers, the keynote presentation featured Dr. Richard Wobbekind, Economist, Leeds School of Business, University of Colorado. Dr Wobbekind presented the outlook for the national, state and Boulder area economy. Below are some highlights from his presentation.
Nationally, the recovery is taking hold in the private sector however the underemployed need to become fully employed before we start seeing a decrease in the unemployment rate. Looking forward the unemployment rate is a lagging indicator of the economy, however consumption growth is rising. There are several risks to keep any eye on, including the housing market, oil prices and transportation costs and the bond market.
