Local Denver economic news

Jones Lang LaSalle or JLL, a financial and professional services firm, just created the City Momentum Index which covers 131 major global cities and ranks their prospects for long-term success. Denver was one of 8 U.S. cities that made their Top 30 List of Future-Proof Cities as Denver came in #20. JLL says future-proofed cities…

The Denver metro ranks No. 12 on Forbes’ 2018 list of the best cities for jobs. The Mile High City posted 2.3% job growth in 2017. We now have 1.47 million people working in jobs. Currently metro Denver has 5,760 job postings for jobs with salaries > $100k according to Ladders, a career website for high-paying…

The metro Denver area ranked second in the country on a list titled “10 Best Cities for Business Graduates to Move To” compiled by Move.org. Washington D.C. ranked #1. Move.org had 3 primary ranking factors: “unemployment rate, number of job openings per 1,000 in a business or financial occupation, and the average cost of living…

According to the U.S. Census Bureau metro Denver grew by 1.77% per year from July 2010 to July 2017.If we continue to grow at this pace our population will grow by roughly 1.5 million people by 2040. Denver is one 28 major metro areas that are growing by at least 1% a year.

In February Colorado employers added 5,400 new jobs and the unemployment rate remained at 3%. Average hourly earnings increased by more than a Dollar to $28.38 an hour. Over the last 12 months Colorado employers have added 62,200 new jobs. According to SmartAsset Aurora has the 3rd highest rate of homeownership for singles in the…

According to RentCafe 11,000 SFRs turned from owner occupied into rentals since 2007 in the city of Denver, a 37% increase. Second, as of 2016 only 52.6% of housing in Denver County is owned occupied. Wallet Hub rated Colorado as the 9th best state for Millennials. U.S. News & World Report just released their “Best…

The Denver Business Journal’s cover story this past week was on the increase of tech jobs since 2012, an increase of 14,184 new jobs in the last 6 years. The DBJ reported that more than a dozen Silicon Valley companies have recently moved their headquarters to Denver or opened an office here that will be…

Colorado saw an increase in new tech jobs in 2017 of 2.3%, the 10th highest increase in the nation as we added 6,350 new tech jobs in 2017 according to the annual “CyberStates” report published by CompTIA. The Tech sector makes up 9.7% of our state’s workforce with an average salary of $110,550, which is…

Colorado added 8,600 new nonfarm payroll jobs last month, more than double the monthly pace of the previous 12 months. The unemployment rate remained at 3% According to the U.S. Census Bureau 77,049 net new people moved to Colorado in 2017 and CO now has a population of 5,607,154 people. The Denver metro area grew…

The U.S. Bureau of Labor Statistics just released their Employment-Population Ratio for each state for 2017. This report measures the number of people aged 16-64 who are actively working for a company or self-employed. It doesn’t include people looking for work, students, military, or people living in prisons or mental health hospitals. For Colorado our…