Overall unemployment rate moved down to 6.4% with the biggest shift in Restaurants & Hotels, which gained 7,600 roles, based on the most recently available information published in June 2021.
Total employment in the Denver-Aurora-Lakewood, CO market rose by 23,108 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 6.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Denver-Aurora-Lakewood, CO unemployment rate is 65 bps above the national rate which is a negative sign.
- Unemployment in the market is 600 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -1.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 282,900; -3,400
- Business Services: 277,300; +4,700
- Government: 201,100; +1,000
- Education & Healthcare: 194,100; +3,700
- Restaurants & Hotels: 133,300; +7,600
- Financial Services: 112,000; +1,000
- Construction, Mining: 106,100; -500
- Manufacturing: 68,700; +200
- Other Jobs: 58,700; +2,600
- IT & Development: 49,900; -300
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.