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 Cherry Creek Professionals Realty 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 Market Stats - December 2009
Denver Metro Residential & Condominium Listings % Change vs DEC 09 Prior Month Year Ago Single Family (Res + Cond) Active 16,456 -8.89 -16.04 Under Contract 3,028 -12.08 -7.85 So…
Read Full Post...Denver Market Trends - November 2009
Denver Metro Residential & Condominium Listings % Change vs NOV 09 Prior Month Year Ago Single Family (Res + Cond) Active 18,061 -4.67 -17.00 Under Contract 3,444 -29.86 -5.31 Sold…
Read Full Post...Denver Market Conditions - October 2009
Denver Metro Residential & Condominium Listings % Change vs OCT 09 Prior Month Year Ago Single Family (Res + Cond) Active 18,945 -4.48 -18.06 Under Contract 4,910 -6.08 9.01 Sold 3,958 2.91 …
Read Full Post...Quick Rebound Predicted For Colorado's Economy
According to the University of Colorado at Boulder's leading economist, Colorado appears to be poised as amongst the first states to exit this recession as reported by The Denver Business Journal.At a gathering of clients of Denver-based financial-pl…
Read Full Post...Denver Market Statistics - September 2009
Denver Metro Residential & Condominium Listings % Change vs SEP 09 Prior Month Year Ago Single Family (Res + Cond) Active 19,834 -1.93 -17.09 Under Contract 5,228 -0.38 -0.78 Sold 3,84…
Read Full Post...