Overall unemployment rate moved down to 3.3% with the biggest shift in Transportation & Utilities, which gained 6,100 roles, based on the most recently available information published in January 2022.
Total employment in the Denver-Aurora-Lakewood, CO market rose by 12,176 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 3.3%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Denver-Aurora-Lakewood, CO unemployment rate is 6 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 9.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Business Services: 323,000; -1,200
- Transportation & Utilities: 296,500; +6,100
- Government: 206,700; +1,800
- Education & Healthcare: 201,900; +1,400
- Restaurants & Hotels: 157,400; -3,000
- Financial Services: 113,800; +900
- Construction, Mining: 113,000; -5,100
- Manufacturing: 72,000; -600
- Other Jobs: 61,400; -2,300
- IT & Development: 53,400; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.