Local Job Market Is Worse Than Expected
In December, University of Colorado at Boulder economist Richard Wobbekind predicted net jobs in Colorado would drop by about 3,200 for the year. Now, Wobbekind says the state will net a loss of more than six times that number (20,250 jobs) after a sluggish first six months in 2010 (via the Denver Business Journal).
Jobs in manufacturing, construction, and the information sectors have continued to disappear, despite some growth in professional services, leisure and hospitality, health, and education jobs. Still, Wobbekind's revision of non-farm job losses is an indication that private employers are uncertain about expansion.
"I think we had hoped or believed that the stimulus would generate more jobs and that the private sector would get more engaged,"he tells The Denver Post.
The decrease is still much lower than the more than 100,000 jobs lost last year.
Denver native can't find a job.
I'm in my 40's and grew up in Denver, but the job market is making wonder if I'll have to move. What drives this city? Not much of anything. As a college degreed individual I see nothing in my tunnel vision that tells me that Denver is going turn around anytime soon. Its now a land of haves and have-nots. Salaries are high and then very low. As my degree has become devalued, I can't find a good job nor could I afford to buy a house. So, I wonder who can afford to buy that BMW or Audi in these times of penny pinching. I would love to stay in Denver, but I need a career not a job paying under $10.00 an hour. No wonder the economy doesn't get better -- wages suck and employers could care less about your degree. At least that's what I've felt since graduating from Metro State and the cold shoulder I get from Denver employers. At least, I get a warmer responses from out-of-state employers which is why I need to consider bolting from the Mile "Low" City.