New entity filings in Q2 2024 decreased 21.7% year-over-year and 4.7% quarter-over-quarter. Business filing renewals were also down for the quarter. Colorado’s labor market remained tight in the second quarter. Colorado’s job opening rate ranked 15th-highest nationally in May, and the ratio of job openings to the number of unemployed individuals remained above the national average (1.4 versus 1.2). Colorado continued to record growth in jobs and income.
