Colorado job gains remained solid in June; however, job growth is increasing at a declining rate. Average employment through June 2013 is 59,000 jobs greater than the same period last year.
If the data is evaluated on a quarterly basis, the number of jobs added leveled off for the period Q4 2012 to Q2 2013. In fact, there was a decrease between Q2 and Q1 of 2013.
Q4 2012 58,600
Q1 2013 61,800
Q2 2013 56,300.
On average, about 4,900 jobs have been added each month for the past three quarters.
For the period Q2 2012 to Q2 2013, the number of jobs added at the national level appears to have reached a plateau. Nationally, there was an increase in the job gains between Q2 and Q1 of 2013.
Q2 2012 2,158,000
Q3 2012 2,217,000
Q4 2012 2,188,000
Q1 2013 2,086,700
Q2 2013 2,177,300.
On average, about 180,500 jobs have been added each month for the past five quarters.
In both cases, the level of job growth is modest and expected to remain that way in the near term.
For additional details about the performance of the state economy, go to the cber.co website or click here.
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