Overall unemployment rate moved up to 6.3% with the biggest shift in Restaurants & Hotels, which gained 9,800 roles, based on the most recently available information published in July 2021.
Total employment in the Denver-Aurora-Lakewood, CO market rose by 3,326 jobs in June and the unemployment rate increased compared to the prior month by 40 bps to 6.3%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Denver-Aurora-Lakewood, CO unemployment rate is 21 bps above the national rate which is a negative sign.
- Unemployment in the market is 550 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 5.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Transportation & Utilities: 287,700; +4,400
- Business Services: 286,800; +5,600
- Government: 200,500; -2,300
- Education & Healthcare: 193,100; +100
- Restaurants & Hotels: 150,300; +9,800
- Financial Services: 114,300; +2,000
- Construction, Mining: 112,200; +3,000
- Manufacturing: 69,900; +1,000
- Other Jobs: 57,700; +100
- IT & Development: 50,200; -100
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.