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
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. 
  • 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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