44% of Colorado small businesses surveyed have put hiring on hold | SummitDaily.com

44% of Colorado small businesses surveyed have put hiring on hold

But despite economic pessimism, many employers still hiring. Plus: Coloradans share why they’re working past age 65, space jobs and more

Tamara Chuang
The Colorado Sun
Inflation hits the Palisade Pie Shop in Palisade as pie makers increased the price of a whole fruit pie by 5% to $20., according to the price list inside at the store on Sept. 4.
Tamara Chuang/The Colorado Sun

Colorado gasoline prices are nearly back down to where they were a year ago, but everything else is just not quite the same, is it?

There are still more than 120,000 jobs listed on the state’s job board even as new weekly jobless claims are still slightly higher than they were in 2019. Consumer prices, i.e., inflation, were up 8.2% in July from a year ago in the Denver metro area.

The Colorado Sun is in between official government economic reports on Colorado this week, but other organizations shared their findings.

A new hiring report from small business network Alignable found that 66% of 307 small businesses surveyed in Colorado believe they’re already in a recession. And 28% would, instead, call it a depression. The survey of more than 5,000 small businesses nationwide was more upbeat, with 57% believing we’re in a recession. (We’re still not officially in one).

“That means Colorado-based businesses are even more pessimistic about the state of the nation’s economy than their peers coast to coast,” said Chuck Casto, Alignable’s Head of Research.

Read more on ColoradoSun.com.

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