9 page 8 2012 colorado business economic outlook

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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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