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Unformatted text preview: Outlook Colorado Economic, Employment, and Population Outlook
continued from page 9 totaled approximately 300,000 from 2000 to 2010.
Several factors may explain the imbalance between
migration and job growth: metro areas in the nation from 2008 to 2010
in attracting persons age 25-34, according to a
report by the Brookings Institute. The report
states that “young adults are headed to metro
areas which are known to have a certain vibe—
college towns, high-tech centers and so called
‘cool cities.’” total labor force, creating opportunities for new
entrants. • Skills mismatch: Industries where Colorado lost
(Construction) and gained (Healthcare) jobs
require skills that are not easily transferable. • Lower unemployment: Although Colorado’s
unemployment rate is high, it is relatively lower
than other places in the United States, and
workers see opportunities in the state. • Growth in leavers from the labor force: Retirements (leavers) are growing as a share of the • “Cool Cities” or “(f)un-employment”: The
Metro Denver area ranked number one of all All of these factors contributed to Colorado’s
population gain during a decade with job loss. HISTORI...
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