Denver’s Labor Market Stronger Than Most Cities
Posted by TheHomeCart.com on Wednesday, October 7th, 2009 at 11:26pm.Denver ranked 37th in labor-market strength among the nation’s 100 largest labor markets, reports Portfolio.com, a national business-news website. The city slipped from its No. 30 ranking last year.
Although Denver lost tens of thousands of jobs over the last year, it still did better than most cities. Porfolio.com calculates that the Denver area gained 25,000 private-sector jobs between 2004 and 2009 (up 2.5 percent), but lost 55,400 jobs between 2008 and 2009 (down 5.1 percent).
In comparison, jobs in the nation’s strongest job market--Austin, Texas-- grew 16.6 percent between 2004 and 2009, and decreased 1.2 percent between 2008 and 2009. Rounding out the top five strongest labor markets on the Portfolio.com list were San Antonio; Baton Rouge, La.; Houston; and Dallas-Fort Worth.
Overall, Portfolio.com reports, the nation lost nearly 6 million private-sector jobs since June 2008. The national unemployment rate rose from 5.6 percent midpoint last year to 9.5 percent this year.
Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Denver Metro area helping buyers and sellers with homes, townhomes, condos, lofts, and investment properties. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
Print
ShareBe the first to comment on this blog entry!
Leave a Comment
Area Quick Search
Latest Blog Entries
Denver Ranks as Fourth Best City for School Reform
A new study released this week has ranked Denver in the number four position in the “America’s Best Cities for School Reform” list. The report, which was published by the Thomas B. Fordham Institute, analyzed 26 major cities through…
Read Full Post...15 Colorado Businesses Included on Inc 500 List of Fastest Growing Businesses
According to the most recent “Inc. 500” list of the fastest growing businesses in the nation, Colorado is home to 15 of the country’s fastest growing companies. These figures represent an increase from last year, at which time the s…
Read Full Post...A Great Deal or a Disaster Waiting to Happen?
With a housing market that continues to slump combined with constant news coverage of a foreclosure tidal wave, many buyers are looking to get in on the action. REALTORS® across the nation have reported a trend in buyers hunting for that great de…
Read Full Post...Colorado Ranks as the State with the 12th Lowest Closing Costs in the Country
For those who are interested in the possibility of moving to Colorado or simply purchasing a new home in the state, they will be happy to learn that Bankrate.com reports that Colorado has the 12th lowest mortgage closing costs among the nation’…
Read Full Post...Denver Metro Area Ranks as the Eleventh Best Place for Job Seekers
According to the career search engine Juju.com, Denver is the eleventh best place for job seekers to find work. The Denver metro area achieved the same ranking in August, though it is down from its 10th place ranking in June. To determine its …
Read Full Post...