Overall unemployment rate stayed flat at 4.0% with the biggest shift in Business Services, which gained 7,400 roles, based on the most recently available information published in April 2022.
Total employment in the Denver-Aurora-Lakewood, CO market rose by 13,845 jobs in February and the unemployment rate stayed flat. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Denver-Aurora-Lakewood, CO unemployment rate is 14 bps below the national rate which is a positive sign.
- Unemployment in the market is 270 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 8.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Business Services: 298,500; +7,400
- Transportation & Utilities: 291,200; +2,000
- Government: 200,400; +4,000
- Education & Healthcare: 192,800; +1,500
- Restaurants & Hotels: 156,600; +2,300
- Financial Services: 116,200; -400
- Construction, Mining: 108,600; +2,200
- Manufacturing: 71,700; +1,000
- Other Jobs: 59,900; +600
- IT & Development: 53,200; -100
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.