There is more good news out of Denver. On the heels of being named one of the best cities in the country for business, comes the recent announcement that Colorado’s unemployment has hit a major low.
According to the Colorado Department of Labor and Employment, Colorado recently added 2,200 new jobs, with its unemployment rate falling to 6.2 percent.
That’s the lowest unemployment rate in six years. Unemployment in the state has been falling consistently in recent months, at a pace not seen since before the Great Recession.
This is just more evidence that the Denver job market is thriving, with many different industries continuing to set up shop. Here are just some of the industries that have found a home in the city.
- Aerospace. Denver is first among the 50 largest metropolitan areas in number of private aerospace workers, with more than 19,000 employed in aerospace companies. Colorado has the third largest aerospace economy in the country.
- Energy. Denver’s location alongside the resource-rich Rocky Mountains, combined with the city’s commitment to the integration of cleantech, places Denver at the forefront of the nation’s energy industry.
- Information technology. Colorado has the third highest concentration of high-tech workers of any state in the country. This industry employs more than 40,000 people in the region.
- Transportation. Denver is a major hub of transportation in the Rocky Mountain region and American West. The aviation industry alone employs more than 15,000 people.
- Healthcare. The healthcare industry in the region has grown consistently in recent years, employing more than 182,000 people in more than 18,000 companies.
- Financial services. Dubbed the “Wall Street of the Rockies,” Denver’s financial industry includes major national and international institutions, and employs more than 90,000 people.
With so many industries thriving, it is no wonder the region’s unemployment rate continues to fall. Denver’s central location and highly educated workforce will help to ensure more growth in the future.