As the Denver Post reports, Colorado's economic growth is outpacing earlier forecasts:
Colorado is on track to add 68,000 net new jobs this year rather than the 61,300 the Colorado Business Economic Outlook in December predicted it would gain, according to a midyear update from the University of Colorado.
"We are seeing broad-based growth in the whole economy, not just energy," said Rich Wobbekind, the CU economist who puts together the closely watched forecast, which is in its 49th year…
…The biggest unexpected employment gains, however, are coming in leisure and hospitality, which has added 13,000 jobs on a year-over-year basis in May compared with the annual gain of 7,500 the Outlook predicted in December.
"It is largely tourism-driven, on the accommodations side," Wobbekind said.
Other areas with stronger-than-expected hiring are professional and business services, health care, and local and state governments.
You don't need James Carville to explain why this is good news for Gov. John Hickenlooper. There are plenty of other issues that will be debated in advance of the November election, but from a practical political perspective (say that three times fast), there's really no way that Hickenlooper loses his bid for re-election if Colorado's economy continues to grow in the coming months. First and foremost, Hickenlooper has always tried to position himself as a leader when it comes to economic and employment growth, and he can use this issue to trump virtually every attack from Republican opponent Bob Beauprez.
Even without strong economic news, Hickenlooper has several potential paths to victory in November. The same cannot be said of Beauprez; if he is forced to try to argue that Hickenlooper should not get credit for Colorado's economic growth, he's already lost.