Metro Denver Economic Summary

Some interesting tidbits from Metro Denver Economic Summary for September:

• Boulder-based SendGrid opened an office in downtown Denver and will hire software engineers, support staff, and web developers. Spokespeople for the email delivery company say the new location will improve access to its client base and offers a highly skilled talent pool.
• Broomfield-based Internet security company Webroot Inc. recently laid off 30 employees – eight percent of the company’s total workforce – to cut costs and realign the company’s business and resources around cloud-based security. Spokespeople say about 15 employees in the company’s Broomfield office were dismissed.
• The Metro Denver unemployment rate fell from eight percent in July to 7.6 percent in August. Unemployment rate trends were similar in each of the seven Metro Denver counties, and rates ranged from 6.1 percent in Boulder County to 8.7 percent in Adams County. On a year-to-date basis, unemployment rates in Metro Denver and Colorado have declined almost one-half of a percentage point below last year's levels. The national unemployment rate averaged 8.4 percent through the first eight months of the year, compared to 9.2 percent in the same months of 2011.