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Job growth slows in Colorado, with energy a factor

Compared to other states, "Colorado still remains one of the best recovery states in the nation in terms of employment."
Brian Lewandowski, research associate at the Business Research Division of CU-Boulder's Leeds College of Business

DENVER BUSINESS JOURNAL - New employment numbers for Colorado show the pace of year-over-year job growth slowed in March, says a University of Colorado researcher. And energy employment slid sharply in March from the previous month.

But Colorado still outperforms the nation on post-recession job growth, said CU's Brian Lewandowski. He is associate director of the business research division of CU-Boulder's Leeds School of Business.

Preliminary jobs data released Tuesday by the Colorado Department of Labor and Employment show a 2.3 percent gain in payroll jobs in March from a year earlier, down from the annual growth of 3 percent or more over the last 16 months, Lewandowski said.

In his analysis of the state job numbers, Lewandowski noted that construction jobs grew by a strong 10.4 percent over the year ending in March, with mining and logging -- a category that includes oil and gas jobs -- up by 8.9 percent.

He also said that Colorado's manufacturing sector ranked third among the states nationally for year-over-year jobs growth, up 3.3 percent from March 2014, despite a slight 0.2 percent dip between February and March of this year.

Read the full report in the Denver Business Journal: http://bit.ly/1cZTjJ1.

(© 2015 American City Business Journals. All rights reserved.)

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