Economy, Jobs Continue to Grow in Denver, Colorado
For nearly the last 2 years Denver has been enjoying a steady economy. But in the last few months job growth is surging in Denver, growth unrivaled across much of the U.S. The Mile High City, is ascending. In December, Simply Hired again saw substantial increases in job listings in the Denver area. Over the course of last month some 73,180 jobs were available.
At the close of each month we at Simply Hired like to take a look at our data to find insights into employment trends around the U.S. During December job openings grew 1.73% nationwide. “The Simply Hired Employment Outlook shows good news in the new year for job seekers,” said James Beriker, President and CEO of Simply Hired. “Job listings grew 1.73% in December 2014, which is an important leading indicator of hiring in the months to come. Buoyed by more than a quarter of positive job growth, job seekers have significant opportunities for employment heading into 2015.”
The largest gains in job postings were found in Charlotte, NC (4.78%) and Washington, DC (4.43%). Job openings increased in 7 out of 18 industries in December 2014, with military (24.54%), non-profit (21.05%) and hospitality (8.48%) seeing the largest rise. It’s no surprise that Denver also saw this increase in hospitality jobs, with ski season upon us. Vail Resorts were the #3 top job posting company in Denver during December.
With all this growth, 2014 was an exceptional year for people in the Denver workforce. In fact, today Denver is facing labor shortages, indicating workers have options and can select the best opportunity for themselves and their families. These shortages appear to extend into even service industry jobs. But they can mean workers have a chance to advance and find more jobs, “We’re seeing (construction) workers go to higher paying jobs in other states, like Texas and North Dakota and to other industries, like oil and gas,” according to Denver Metro Chamber of Commerce CEO Kelly Brough.
But fear not. There are indications that we’ll continue to see new workers joining the Denver workforce. Zillow recently announced that “Denver’s 10.8 percent jump was the second highest percentage increase in total rent in the nation largest 25 large metro areas tracked”. Coming in first was San Francisco. Which, we saw last month, is one of the most dynamic economies in the U.S. today. With hospitality leading the way, Denver looked poised to continue to be a destination for job seekers.
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Read the full Employment Outlook Report.