Wednesday, August 05, 2009

Local Economic News

Sometimes it's good to just sit back and look at some basic economic numbers for our area. As a member of the Durango Chamber of Commerce, I get a lot of that type of information which I find to be very helpful. I hope some of this information will be helpful to you as well.
Airport Enplanements We will never be a major airport, but our connection to Denver and Phoenix is very important. In June of 2005 8608 people boarded planes at our local airport. By 2007, that number had risen to 10,770 in the month of June. June of this year that number had increased to 14,490 people. Since 2005, that is a 46% increase.
Unemployment Figures Durango's unemployment is certainly better than you see in this state and nationally. At the end of May, the national unemployment rate was 9.1%; Colorado's unemployment rate was 7.4%; while the La Plata County's unemployment rate was only 5.5%.

Durango is still a destination location when it comes to real estate. People move here because they want to live here not because they got forced to live here because of a corporate transfer. As a matter of fact, we often see corporate transferee is specifically requesting Durango and hoping that they never then get re-transferred back out. Our little town offers so many benefits of a big city, but without all of the negative features that go along with a large town. You can still go in the grocery store and know 30% of the people that you see shopping.

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