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DENVER – The Colorado Chamber of Commerce and Aspen Technology Labs (ATL), a global leader in recruitment technology, today announced a new quarterly jobs report highlighting the latest insights into Colorado’s workforce trends. The partnership is meant to provide valuable workforce data to the public to better understand Colorado’s economic standing.
According to the report, as of April 1, 2023, there were approximately 117,000 job vacancies statewide in Colorado, a 2% reduction from the previous quarter. The median annual salary for Colorado full-time job postings was $59,998, a 2.3% increase from the previous quarter. Nationwide, Colorado ranks 11th for highest median salary and the 9th for highest number of job vacancies per capita.
“These key insights on Colorado’s job market will be a valuable tool to gauge our economic standing moving forward as the Chamber continues its focus on the state’s long-term growth and competitiveness,” said Colorado Chamber President and CEO Loren Furman. “ATL’s innovative technology gives us the opportunity to get up-to-date metrics on Colorado’s workforce. We’re pleased to provide this new source of data on current market conditions impacting employees and employers across the state.”
“As a Colorado-based company, we are proud to partner with the Colorado Chamber to provide crucial insights into the state’s job market,” said Michael Woodrow, founder of Aspen Technology Labs. “With access to our vast database of job vacancies, we can paint a detailed picture of where job opportunities are growing and highlight the companies and industries that are driving Colorado’s economy.”
The most significant job change occurred in Pueblo, Colorado, which saw a 13% increase in job vacancies this quarter for a total of 2,421 current openings. Montrose and Fort Collins were close behind, with an increase in vacancies of 12% and 7% respectively. The largest reduction in job postings was seen in Grand Junction, which experienced a 7% decrease in vacancies since January 1, 2023. Boulder, Colorado Springs and Denver had the highest median salaries, at $63,991, $61,651 and $60,424 respectively.
Aspen Technology Labs is a technology firm specializing in data, analytics, and business intelligence services based in Aspen, Colorado. The company utilizes proprietary techniques to collect and analyze job and salary data from its database of more than nine million vacancies worldwide at over 120,000 companies. The data is collected in real-time directly from corporate career sites and applicant tracking systems.
“Our unique dataset provides a comprehensive view of Colorado’s job market, allowing businesses, policymakers, and job seekers to make informed decisions while also helping stakeholders understand where Colorado stands in terms of workforce development and economic growth,” Woodrow said. “Through our partnership with the Colorado Chamber, we hope to support the state’s efforts to create more high-quality job opportunities so its members can source the right talent as Colorado grows in the back half of this decade and beyond.”
To view the full report, please visit: https://cochamber.com/wp-content/uploads/Colorado-Chamber-of-Commerce-Q1-Report.pdf
The Colorado Chamber of Commerce champions free enterprise, a healthy business environment and economic prosperity for all Coloradans. It is the only business association that works to improve the business climate for all sizes of business from a statewide, multi-industry perspective. What the Colorado Chamber accomplishes is good for all businesses, and that’s good for the state’s economy. It was created in 1965 based on the merger with the Colorado Manufacturers’ Association.
Aspen Technology Labs is a global leader in web data management services and recruitment technology founded in 2008. The company is headquartered in Aspen, Colorado with teams throughout the U.S. and Europe. Aspen Technology provides web scraping, business intelligence, and data/analytics services for a wide variety of industries. Over 12 million job seekers use the company’s technology each year to find jobs and improve the lives of their families.