Job growth in Denver remains supercharged
In 29 years of economic history, Denver has recorded positive job growth during 24 and contraction during only five.
February 25, 2019
- In 29 years of economic history, Denver has recorded positive job growth during 24 and contraction during only five.
- This past decade, we’ve added 248,900 nonfarm employees to payroll—a level not achieved since February 1993 to 2003. Denver ranks ninth amongst the 51 large metros; our job growth measures 1.6 times higher than the national average of 12.1 percent.
- Denver and the state of Colorado continue to outpace the nation when it comes to employment. In 2018, our metro reached an all-time peak of 1,505,100 jobs, while unemployment hovered around 3.0 percent for the year.
- How does office-using employment translate to demand? Through 2020, an additional 10,000 jobs could potentially translate to nearly 2.0 million square feet of additional occupancy.
Source: JLL Research, Bureau of Labor Statistics