ThinkWhy has prepared this outlook to help you improve your planning, reduce risk and drive smarter growth in 2020 and beyond.
Questions surrounding the Denver labor market for 2020:- What is the anticipated job growth for my industry and how will it impact my hiring strategies?
- How will changes in labor supply and demand for my industry impact the Denver market and my business?
- Will there be a recession or mild slowdown?
- Which industries are forecasted to have the strongest performance over the next six years?
The Labor Market Outlook report focuses on the state of Denver's economy and drivers that may affect your business strategies.
This in-depth analysis from ThinkWhy's expert analysts and economists is the definitive source for human resource professionals, hiring managers, business leaders and economic developers to gain insight on:
- Drivers of Job and GDP growth
- Labor force participation rates and wage growth performance
- University enrollment and job growth
- Cost of living and population migration
- Talent supply and demand drivers
- What's ahead for the Denver labor market and why it matters to your business
With the unemployment rate at an almost 50-year low, there could be impact on industry wage growth over the next five years. There are a few scenarios to consider as you plan and budget for 2020, including how salary increases compare to industry’s averages and the rate of payroll growth.