Posts
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Colorado unemployment rises to 4.4%, but state of job market murky due to data issues
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Colorado’s unemployment rate rose to 4.4% in December, according to the Colorado Department of Labor and Employment, up from 4.3% the month before. The state’s unemployment rate is more than a full percentage point from the same time last year. It’s higher than the national average, which fell to 4.1%. The state added 300 jobs…
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Metro Moves: Local investor acquires Thompson Denver hotel
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Welcome to the Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion news here. To submit your company’s news, drop an email to bernadette.berdychowski@denvergazette.com. Local investor acquires Thompson Denver hotel Colorado-based investor McWhinney Real Estate acquired the Thompson Denver hotel on 1616 Market St., the company announced last week. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:11095963150525286,size:[0,…
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Colorado business leaders torn ahead of Trump presidency, report finds
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Business leaders across Colorado are mixed about how the economy will look as President-elect Donald Trump is set to start his presidency, a new report released Tuesday finds. A surprising report statistic shows business leaders are more confident about the national economy, than Colorado’s, for the first time in 15 years. The Leeds Business Confidence…
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Denver’s minimum wage will go up Jan. 1
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Denver’s minimum wage is going up in the new year. The legal minimum wage in the City and County of Denver will go up 52 cents from $18.29 an hour to $18.81 on Wednesday. The city adjusts the minimum wage annually to help residents keep up with the rising cost of living. The local ordinance…
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Inflation around Denver stabilized in 2024, but not for everything
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As the year comes to a close, prices in the Denver metro region are rising at slower levels not seen since before the pandemic. Inflation in the Denver-Aurora-Lakewood metropolitan area was at 2% from November 2023 to 2024, according to data from the Bureau of Labor Statistics released Thursday, below the national average of 2.7%.…
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Colorado will keep fighting Kroger, Albertsons as proposed merger falls apart
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After weeks of arguing in a Denver courtroom over the statewide effects of what could have been the largest grocery merger in the U.S., it’s still unclear what a local judge will rule. But for Colorado Attorney General Phil Weiser, the state has basically won. On Wednesday morning, Safeway’s parent company Albertsons announced it is…
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Downtown Denver’s plan for spending $570M moves forward; applications open in 2025
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Downtown Denver is one step closer toward getting access to $570 million of public funding meant to revitalize the area hit hardest during the pandemic. Denver City Council voted Monday to approve a new Plan of Development, a document required by state law to set guidelines on how the money should be spent. It also…
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As Colorado slips behind other states in economic strength, slower economic growth in 2025 is ‘new reality’
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As Colorado slips behind other states in terms of economic strength, its economy is projected to grow — albeit slower in 2025, according to a new report. The Business Research Division at the University of Colorado Boulder released its 60th annual outlook Monday detailing forecasts of Colorado’s economy and various industries for 2025 based on…
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5 areas in Downtown Denver targeted for major catalyzation
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At the recently reopened Denver Central Library on Wednesday, a map of downtown laid out across the carpet floor like a city street map for kids. Visitors picked up Lego-like bricks and tossed them into five Ball mason jars sitting on the map. The glass containers were set over Upper Downtown, Skyline Park, Arapahoe Square,…
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Change is coming to Denver’s Civic Center Park. Some worry it’ll ‘damage’ historic features
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As downtown struggles with rising office vacancies and 16th Street Mall construction, Denver is planning to revitalize a key part of its urban core: Civic Center Park. The park is a National Historic Landmark, the highest designation an historic site can get in the U.S. It is the only one within the city’s limits and…