Snapshots

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

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