A theme I have been hitting on repeatedly in this blog is that, in my estimation, there is no such thing as a “jobless recovery”. Until jobs come back, the economy will remain in a broken state.Jobs are also the biggest impediment to the housing market, now, as well. While the first round of foreclosures (2005 – 2008 in Colorado) were primarily the result of “everyone qualifies” financing, round two is tied to the loss of jobs.
Good news today comes from job search engine JuJu.com, which ranks Denver 9th among 50 metropolitan areas in terms of availability of employment. The JuJu.com survey shows that there are currently about four job seekers for each advertised position in the Denver market. Some of the worst performing areas, such as St Louis and Detroit, currently have more than 15 applicants in pursuit of each advertised job opening.
The JuJu.com survey is more “interesting” than “scientific”, since it doesn’t consider the problem of “underemployment”, which I consider to be a serious issue both in Colorado and throughout the country.
But it does show the relative strength of Colorado, which continues to outperform the rest of the country during these difficult economic times.
