FastFacts February 2016

Employment
Moffat, Rio Blanco and Routt counties maintained record low unemployment rates in December with Moffat and Rio Blanco trending upward and Routt dropping to 2.4% by the end of the fourth quarter. Labor shortages may worsen through the first half of 2016.

Industry
Mining dominated as the top sector by wages in Moffat and Rio Blanco, distributing nearly $21 million (a quarter of all wage income) in the second quarter of 2015. Health Care and Social Assistance continues to rank in the top three industries for all three counties.

Wages
Moffat’s average weekly wage rose in 2015 to $834, a level not seen since 2011. Rio Blanco and Routt’s average wage was lower in 2015 compared to 2014. Accommodations and Food Services brought in the lowest average wages in two out of the three counties.

Real Estate
Foreclosure rates were favorable in all counties, with Moffat matching national foreclosure trends, and Rio Blanco and Routt’s foreclosure rates holding below the national average. Less homes were for sale in January 2016 compared to January 2015 in all three counties.

Energy
All three counties and the state produced less coal in November 2015 compared to November 2014, but 2015’s year-to-date coal production was up in Moffat & Rio Blanco. Overall year-to-date oil & gas sector totals were lower than 2014 totals for the same period.

Climate
This year’s snow depth was greater at Rabbit Ears, Buffalo Mountain Burro Mountain and Ripple Creek sites compared to the same period in 2015. Snow-water equivalents are below the 10-year average at Buffalo Pass. Rabbit Ears, Ripple Creek and Burro Mountain come in above their 10-year average.

FastFacts February 2016

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