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As Colorado's economy thrives, number of 'help wanted' signs grows

Construction, healthcare, restaurant jobs grow
Posted at 11:52 AM, Nov 20, 2017
and last updated 2017-11-20 13:52:33-05

DENVER -- Colorado has a strong economy and a low unemployment rate, but help wanted signs are posted all over the Denver metro. 

"This is really just a symptom of a long economic expansion that we are currently in," said Senior Economist Ryan Gedney with Colorado's Department of Labor and Employment. "Any time you have an unemployment rate this low, I think businesses are going to have difficulty filling some vacancies."

60,000 people moved to Colorado in the last year for jobs. Gedney said they're also seeing more people quitting their jobs to look for other opportunities. That's at its highest rate since 2007. 

Colorado has the third lowest unemployment rate in the country, per new numbers just released. The unemployment rate sits at 2.7 percent. The rate increased two-tenths of a percentage point from September. The national rate is at 4.1 percent.

The jobs growing in Colorado are in construction, healthcare and full-service restaurants. 

Gedney said employers must start offering incentives to bring in more potential employees.

"There's a number of different options employers have to kind of entice individuals who may be working at another firm," said Gedney.