Overall unemployment rate stayed flat at 3.3% with the biggest shift in Government, which lost 11,200 roles, based on the most recently available information published in August 2022.
Total employment in the Denver-Aurora-Lakewood, CO market declined by 7,492 jobs in July and the unemployment rate stayed flat. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Denver-Aurora-Lakewood, CO unemployment rate is 48 bps below the national rate which is a positive sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 7.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.5%. Key sectors include:
- Business Services: 319,400; +2,500
- Transportation & Utilities: 286,300; -2,100
- Education & Healthcare: 193,000; +900
- Government: 190,500; -11,200
- Restaurants & Hotels: 173,300; +2,900
- Construction, Mining: 116,900; +100
- Financial Services: 115,400; +400
- Manufacturing: 73,600; -500
- Other Jobs: 62,700; -400
- IT & Development: 53,900; -400
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.