Labor Market Information Colorado Department of Labor and Employment Economic Climate and Employment Outlook Through 2018 Alexandra Hall Director, Labor.

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Presentation transcript:

Labor Market Information Colorado Department of Labor and Employment Economic Climate and Employment Outlook Through 2018 Alexandra Hall Director, Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Today’s Presentation What is Labor Market Information? Colorado’s Current Economy Colorado’s Future Economy Growing/Declining Industries Top Jobs

Labor Market Information Colorado Department of Labor and Employment Economic activity peaked December 2007 Since then, almost 7 million jobs lost nationwide Perspective – About 1 in 3 temporary help, 1 in 5 construction and 1 in 7 manufacturing jobs have been lost in the U.S. Job losses have slowed substantially Current Economy: Nation

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Debt

Labor Market Information Colorado Department of Labor and Employment Federal Funds Rate

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Employment Change

Labor Market Information Colorado Department of Labor and Employment Current Economy: Colorado Employment peaked 9 months later in August 2008 Lost over 110,000 jobs through August 2009 Unemployment rate may have peaked at 7.8% in July 2009, down to 7.3% in August

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Colorado Employment Changes

Labor Market Information Colorado Department of Labor and Employment Current Economy: On the Bright Side, Modest Improvement Consumer confidence may have turned the corner Job losses have slowed substantially Stimulus dollars are flowing According to many experts, Colorado is poised to lead the nation out of recession

Labor Market Information Colorado Department of Labor and Employment Looking Forward: Colorado Employment Through 2018

Labor Market Information Colorado Department of Labor and Employment Looking Forward: Regional Perspective

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Looking Forward: Colorado’s Top Occupations

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment

Labor Market Information Colorado Department of Labor and Employment Contact Us Alexandra Hall Labor Market Information Colorado Dept of Labor & Employment th St, Ste 600 Denver, CO phone