Aldo Svaldi wrote a great front page story in the Denver Post on July 22nd about how incredibly tight our labor market and how that is challenging businesses and slowing growth in our state. Here are some key facts—
Colorado’s unemployment rate in May was 2.8%, the 19th consecutive month at 3% or below. This is the longest time period this happened!
“Job growth in Colorado, aided by federal tax cuts, has accelerated again.” As our state is on track to create 70k new jobs this year.
Average weekly wages in CO this year are up 4.2% to $1,095 a week.
The toughest jobs to fill according to CareerCast are—Application software developers, construction workers, financial advisors, info security analyst, truck driver, and 5 fields in medicine.