Denver Area Economic Summary Updated September 03, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm.

Unemployment rates for the nation and selected Average weekly wages for all industries by county areas Denver area, first quarter 2021 (U.S. = $1,289; Area = $1,514) Unemployment rates

10.5 United States 5.7

8.0 Denver area 6.0

8.5 Adams Co. 6.8

8.5 Arapahoe Co. 6.3

8.9 Denver Co. 6.5

7.4 Jefferson Co. 5.4

0.0 5.0 10.0 15.0 Jul-20 Jul-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages.

Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector Change from Jul. 12-month percent changes in employment Denver area employment Jul. 2021 2020 to Jul. 2021 15.0 (number in thousands) Number Percent 10.0 Total nonfarm 1,526.2 89.9 6.3 Mining, logging, and construction 111.6 3.0 2.8 5.0 Manufacturing 69.8 0.8 1.2 0.0 Trade, transportation, and utilities 286.9 15.5 5.7 Information 50.4 0.3 0.6 -5.0 Financial activities 114.8 4.2 3.8 -10.0 Professional and business services 290.0 20.3 7.5 Education and health services 192.6 10.6 5.8 -15.0 Leisure and hospitality 155.5 25.1 19.2 Jul-18 Jul-19 Jul-20 Jul-21 Other services 60.6 6.9 12.8 Denver area United States Government 194.0 3.2 1.7 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide

12-month percent change in CPI-U, July 2021 12-month percent changes in PPI 30.0 25.0 24.3 23.8 20.0 25.0 15.0 20.0 10.0 5.0 15.0 0.0 10.0 -5.0 5.4 -10.0 5.0 3.5 2.6 3.4 Jul-18 Jul-19 Jul-20 Jul-21 0.0 General freight trucking Hospitals All items Food Energy Denver area U.S. city average Telecommunications Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index.

Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories United Occupation Denver area States Average annual expenditures, United States and All occupations $31.19 $27.07 Denver, 2018-19 100% $13,915 $11,144 Petroleum engineers 76.97 74.20 80% $5,977 $5,081 Software developers and software $9,673 $7,230 54.26 54.94 60% $8,796 $8,047 quality assurance analysts and testers 40% $12,331 $10,507 Civil engineers 47.91 45.88 20% $25,582 $20,386 0% Biological technicians 21.55 23.79 Denver United States All other items Healthcare Construction laborers 19.27 20.67 Personal insurance & pensions Food Transportation Tire repairers and changers 17.99 15.28 Housing Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020.

Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected employee benefits by geographic division 12-month percent changes in ECI Private industry, United Mountain (1) March 2021 States 4.5 Total compensation $33.99 $36.64 4.0 Wages and salaries 23.75 25.80 3.5 Total benefits 10.24 10.83 3.0 Paid leave 2.40 2.72 2.5 Vacation 1.23 1.39 2.0 Supplemental pay 1.31 1.27 1.5 1.0 Insurance 2.85 2.83 0.5 Retirement and savings 1.14 1.25 0.0 Legally required benefits 2.54 2.77 Jun-18 Jun-19 Jun-20 Jun-21 (1) The states that compose the Mountain census division are: AZ, CO, ID, MT, NV, NM, UT, and WY. Mountain United States Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index.

Mountain-Plains Information Office • [email protected] • https://www.bls.gov/regions/mountain-plains • 816-285-7000