Howard Pankratz of The Denver Post recently wrote a great article about the strengthening Colorado job market. Below is some of the data reported by Mr. Pankratz in the article:
Strong employment numbers over the past couple of months have spurred CU economists to project that 40,000 new jobs will be added in Colorado in 2012, putting the state among nation’s top 10 in job growth. The recent rise in job growth has been spurred by a booming housing market that is spilling over into all areas of the state’s economy. New jobs are “definitely exceeding expectations, and it is broad-based, which is great,” said Richard Wobbekind of the University of Colorado.
“The state lost nearly 152,000 jobs from April 2008 to January 2010 but has regained almost 101,000 since then,” said Alexandra Hall, chief economist for the Colorado Department of labor and Employment. “The current rate of growth – if sustained – could put employment in the state at a pre-recession level by late 2013 or early 2014.”
The largest month-over-month private sector job gains were in professional and business services, education and health services, trade, transportation and utilities, and manufacturing.
Click here to read the full Denver Post article.