Monday, March 26, 2012

Colorado had 5,000 fewer jobs at the end of 2011 than end of 2000

At the end of 2011, Colorado had 5,000 fewer jobs than in it did in at the end of 2000, despite having almost 780,000 more residents. From 2000 to 2011, the state experienced large swings in employment driven by the 2001 and 2007 recessions. Of the two, the more recent recession was by far the worst. Since the onset of that downturn in December 2007, Colorado has 105,600 fewer jobs, or 4.5 percent of its nonfarm labor force. That loss ranks 26th worst among states.

Similar to the recovery from the 2001 recession, Colorado continues to regain jobs slowly. It took until the end of 2005, about four years, to recover the jobs lost in the 2001 recession, while at the end of 2011 Colorado remains below its prerecession employment level. However, the slow but upward trend in employment in 2011 has left Colorado with 23,600 more jobs in December 2011 than in December 2010.

For more insights, check the State of Working Colorado 2012.

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