Employment

* After minimal employment gains in 2004, job growth strengthened in 2005 with the addition of 26,500 jobs, a 2% increase. National employment growth averaged 1.6% in 2005.
* The economic base is divided into 11 “supersectors” or broad industry groups. Ten out of 11 supersectors experienced employment increases in 2005, with only the Information sector posting losses. In fact, 2005 marks the fifth consecutive year of employment losses in the Information sector. The strongest gains were achieved in Natural Resources & Construction (+3.9%), Professional & Business Services (+3.4%), and Educational & Health Services (+3.3%).
* Employment growth in 2006 is expected to be similar to 2005 with the addition of 27,500 positions. Still, Metro Denver will continue to outperform the nation which is expecting a 1.8% increase in employment.
* The most recent Manpower Employment Outlook Survey indicates that the hiring pace in Metro Denver will increase in the first quarter of 2006 and that fewer companies will reduce staffing levels. About 30% of the companies interviewed plan to hire more employees in the first quarter and only 4% of respondents plan to reduce their payrolls during the January-March period.
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