Tuesday, July 30, 2013

July 2013 Metro Denver Business Economy & Economic Summary

Metro Denver Business Economy & Economic Summary Archive

Labor and Employment

Metro Denver employment growth in May reflected continued expansion for the area, with a total of 35,200 jobs added since May 2012 or an increase of 2.5 percent. Over-the-month growth was 0.9 percent or 12,900 jobs. Manufacturing (-0.1 percent) and information (-0.2 percent) were the only two supersectors to report a decrease in employment compared with data in the previous year. The federal (-2.3 percent) and local (-0.2 percent) government subsectors reported lower job figures as well, but those losses were offset by gains in state government employment. The largest percentage increase in jobs was in the natural resources and construction category, which increased by 6.7 percent or 5,100 jobs. The second strongest increase was in professional and business services, the largest supersector in Metro Denver, which rose 4.3 percent over-the-year, adding 11,000 jobs.

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