Colorado Job Growth Will Be Slow, But Steady in 2012

Leading economist’s 2012 forecast puts Colorado in the top 10 states for job growth in the new year.

colorado-job-growth-top-10-states-for-growthColorado’s economic recovery will continue in 2012 with a gain of 23,000 new jobs, according to economist Richard Wobbekind of the University of Colorado Boulder’s Leeds School of Business.

“In 2012 we’re predicting slow but steady growth for Colorado, much like the U.S. economy,” says Wobbekind. “We’ll continue to add jobs in a wide array of sectors, but not at the dramatic rate that is necessary to significantly lower the unemployment rate.”

Although 2012 job growth estimates fall short of the 27,500 jobs added in 2011, the forecast is welcome news for the construction sector, which is slated to experience the creation of 2,900 additional construction jobs. If accurate, this will represent the first positive construction sector job growth in four years.

The educational & health services sector is anticipated to experience the most robust job growth in 2012 at 7,500 jobs. Other sectors that are expected to lead job growth include professional & business services and leisure & hospitality.

“The broader story here is Colorado entered the recession later, came out of the recession later and now appears to be accelerating past the rest of the country in terms of job growth and recovery,” Wobbekind says.

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