The economic update from the Grand Junction Economic Partnership provides an overview of the labor market, real estate market, and positive economic signs in the area. While the unemployment rate was high in 2009 and job creation rates were low, labor availability is now up and costs are down. Real estate has seen foreclosures rise and financing become difficult, lowering home prices and construction. However, energy industry declines have bottomed out, investments are being made, and unemployment claims are dropping. The partnership focuses on enhancing economic vitality by attracting businesses, branding the area, and sees the region as well-positioned for future growth in target industries like healthcare.

1. Economic update Grand Junction Economic Partnership(with a twist)

2. Labor Force

3. Good News Bad News20092008Unemployment 9.0%Full employmentJob creation rates lead the nationJob creation rates lowest in the nation

4. Silver LiningsGJEP’s Perspective: Mission: enhance economic vitality , creating a strong , diverse economy and improved quality of life.

5. Create jobs by attracting businesses and assisting with expansion

6. Branding and marketing: Build awareness of Mesa County as a great place for businessWhat’s HOT? What’s NOT?Labor 5.2% decline in available jobs and unemployment rate doubled

7. Labor availability is up

8. Wages are declining

9. Labor costs are down

10. Construction, real estate, transportation, energy related….