Overall unemployment rate moved down to 3.1% with the biggest shift in Business Services, which gained 5,800 roles, based on the most recently available information published in June 2022.
Total employment in the Denver-Aurora-Lakewood, CO market rose by 6,518 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 3.1%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Denver-Aurora-Lakewood, CO unemployment rate is 24 bps below the national rate which is a positive sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 7.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Business Services: 306,900; +5,800
- Transportation & Utilities: 289,400; +100
- Government: 200,500; no change
- Education & Healthcare: 194,800; +300
- Restaurants & Hotels: 162,800; +4,400
- Financial Services: 115,900; -1,000
- Construction, Mining: 110,500; +2,900
- Manufacturing: 72,700; +200
- Other Jobs: 61,400; +800
- IT & Development: 52,700; +100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.