Oil, gas waste don’t derail 51-month practice expansion streak

Colorado’s appetite attention strew scarcely 19 percent of a workforce when comparing Jan 2016 to a same month final year.

But a detriment of 6,700 jobs opposite oil and gas and mining hasn’t been adequate to hit a state off a ancestral prohibited practice streak.

The state combined 5,200 nonfarm payroll jobs — 4,300 in a private sector, 900 in supervision — during January, according to rough practice estimates expelled by a Colorado Department of Labor and Employment. Year-over-year, a practice marketplace is adult 69,100 jobs.

January remarkable a 51st uninterrupted month of payroll jobs growth.

“The labor marketplace is in a best place it presumably could be to catch those jobs,” pronounced Alexandra Hall, Colorado’s arch economist.

A consult of households for a month showed increases in a labor force and sum employment, that helped to pull a stagnation rate to 3.2 percent, down 0.3 commission points from Dec and 1.7 commission points from Jan 2015.

The state’s stagnation rate is during a lowest turn given Apr 2001, state labor officials said.

Nationally, stagnation declined to 4.9 percent from 5.7 percent in Jan 2015.

The monthly labor estimates are formed on dual surveys — one of businesses and supervision agencies, that measures jobs by work site; and a domicile survey, that measures practice by household. The information are mostly revised as new information becomes available.

Colorado’s 2015 pursuit expansion was revised ceiling to 3.1 percent from a formerly published 2.3 percent. Most recently, Colorado’s third-quarter 2015 practice numbers were revised upward.

While a state’s expansion rate has slowed from 2014 — that boasted a 3.5 percent rate — it continues to overtake a nation, and it remarkable a initial time given a dot-com bang that Colorado available back-to-back years of practice expansion of during slightest 3 percent, Hall said.

The U.S. annual payroll jobs expansion rate in 2015 was 2.1 percent.

Colorado’s diversified labor marketplace has helped to isolate a state from a appetite industry’s fallout, pronounced Brian Lewandowski, associate executive for a Business Research Division during a University of Colorado’s Leeds School of Business.

The 6 states that available practice waste year-over-year in Jan — Alaska, Louisiana, North Dakota, Oklahoma, West Virginia and Wyoming — also are among a many energy-intensive in a nation, he said.

Lewandowski remarkable areas such as Greeley, that resembles North Dakota in that appetite prolongation accounts for about 15 percent of a GDP, and Weld County are holding adult comparatively well. This he attributed to vicinity to civil areas and a diversification in other industries.

Statewide, clever pursuit expansion in veteran and business services, tourism and record have helped to land Colorado as a curiosity among energy-intensive states, he said.

Boulder-based TapInfluence, a digital upholder for brands, has scarcely doubled a staff in a year given CEO Promise Phelon joined. She pronounced that employing engineers is formidable everywhere. The association only non-stop a initial bureau outward of Colorado — in Silicon Valley.

“I started in April, and I’ll be honest, we didn’t design this attention to grow as quick as it did. That’s because we’re creation this play,” pronounced Phe lon.

The association now employs about 50 people. Phelon anticipates a California bureau will sinecure 7 to 10 people in a subsequent quarter. By charity dual locations, Phelon says her group has some-more flexibility.

“I collate this to a plan of sinecure and retain. We see Google and others carrying a participation in both locations,” Phelon said. “This is a influence play. we wish my engineers in a Bay Area to come out here and go skiing. And we wish my guys here to work with engineers in a Bay Area. I’m committed to a Front Range, that has a fastest-growing millennial population.”

Staff author Tamara Chuang contributed to this report.

Alicia Wallace: 303-954-1939, awallace@denverpost.com or @aliciawallace

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