Author: Tatiana Bailey
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Tatiana Bailey: The stunning economic impact of our stunning natural assets
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To start the new year, I would like to focus on what is one of the greatest regional and state assets we have from a quality of life and economic perspective. This would be the world-class topography that attracts millions of visitors each year. I’d like to share the results of an economic impact analysis…
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Analysis:: Colorado Springs economic growth slows, labor market still tight
This is the last economic dashboard for 2023 with a peek at what’s to come for 2024. In December, regional economic growth rates are released by the Bureau of Economic Analysis for the prior year as this data lags quite a bit. This measure of gross metropolitan product, or GMP, is a key indicator of…
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Community and state colleges in the workforce-development landscape
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There’s been much talk in higher education circles as well as at kitchen tables regarding the costs of college attendance, student loan burdens, and whether there is always a worthwhile return on investment. These are relevant questions, given that the typical in-state public-university student pays approximately $110,000 for four years of attendance including tuition, books,…
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Tatiana Bailey: Consumers still in sour mood despite growing economy, slowing inflation
Last month, I talked in detail about the outperformance of gross domestic product, or GDP, in the third quarter of this year. It’s interesting that despite the elevated economic growth rate, consumer sentiment continues to deteriorate. The final November index came in at 61.3, historically a very low level. If consumers still are spending (retail…
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Analysis: Economic growth figures not as rosy as they seem | Tatiana Bailey
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This week, the second estimate for the U.S. economic growth rate as measured by gross domestic product, or GDP, was released, and it showed that the U.S. economy grew in the third quarter by even more than first estimated. The first estimate showed a third-quarter growth rate of 4.9%, but it was just revised up…
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The surge in multifamily building and rental-rate implications | Tatiana Bailey
I often talk about housing affordability, interest rates and the local real estate market. I would like to switch gears and address some questions about the residential rental market. The surge in local apartment or multifamily construction has many of us wondering how much construction is too much. And how much will these buildings charge…
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Hybrid, flexible schedules boosting employee satisfaction | Tatiana Bailey
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Economists are known for giving bad news, but this week, I want to share some good news. Recently, the Conference Board, a source I trust, released its annual job satisfaction report. It shows once again that employee job satisfaction increased over the past year, with 62% of workers saying they are satisfied with their job.…
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Economic report: GDP up, consumer sentiment down and inflation still a problem | Tatiana Bailey
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Gross domestic product, or GDP, was recently released, and as expected, U.S. economic growth was very strong in the third quarter of this year. If we annualize the growth in Q3, the U.S. economy would expand at 4.9% over the course of the year (hence “annualized”). Another way to look at quarterly data is to…
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Labor turnover quite costly for employers | Tatiana Bailey
This week the ECI, or Employment Cost Index, for the third quarter was released and it showed that year over year, employment costs for businesses are still increasing at a rate of 4.3%. This index measures the change in labor costs for an employer, including hourly wages or annual salaries and benefits. The index does…
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How high interest rates impact the American dream | Tatiana Bailey
In a recent Gazette article, I talked about the “ideal” number of homebuilding permits for our region for single and multifamily dwellings. I also talked about how a housing shortage and high interest rates are exacerbating that shortage in most areas of the nation, including locally. The standing housing shortage is mostly a legacy of…