Feb 24 2025 3 mins
The job market in Denver is experiencing significant growth and transformation. Denver's tech industry has expanded by 120% since 2018, making it one of North America's top tech destinations. The city now ranks as the 8th top tech market, with a tech workforce of over 129,000 professionals. This growth is driven by emerging sectors such as AI, cloud computing, and cybersecurity, which account for 37% of new tech positions.
The employment landscape in Denver is characterized by high demand for skilled professionals, particularly in software development, data science, and AI. Software Engineers and Cloud Solutions Architects are among the highest-paying roles, with annual salaries ranging from $90,000 to $198,000 and $141,000 respectively. The city's tech sector contributes significantly to the economy, with a contribution of $49.8 billion to Colorado's economy last year.
Statistics show that Denver's unemployment rate has increased to 5.10% as of December 2024, up from 4.80% the previous month and 3.60% a year ago. Despite this, the overall job growth in Colorado remains strong, with an average of 4,400 jobs created per month over the past year.
Major industries in Denver include aerospace, telecom, energy, financial services, medical and biomedical, retail, and computer hardware and software development. The city is home to highly educated and technically savvy personnel, with almost 90% of working adults being high school graduates and a high concentration of college graduates.
Growing sectors include AI infrastructure, with significant investments in local data centers, and cloud computing, where skills in AWS, Azure, and Google Cloud Platform are highly valued. Cybersecurity is also a critical area due to the high cost of data breaches, making security professionals highly sought after.
Recent developments highlight Denver's attractiveness for young talent, with a median starting pay of $19 per hour for new tech talent and an annual pay growth of 5.8%. Companies are offering remote work flexibility, career development programs, and competitive benefits packages to attract and retain employees.
Seasonal patterns show a general softening in the labor market post-pandemic, but the rates are still below historical averages. Commuting trends are not specifically detailed, but the influx of young professionals suggests a vibrant and dynamic workforce.
Government initiatives focus on supporting the labor market through economic policies, though specific details are not provided in recent data. The market evolution is marked by continuous innovation, with major players in software development, data science, and AI setting up operations in Denver.
Key findings include the robust growth of the tech sector, high demand for skilled tech professionals, and a strong overall job market despite a slight increase in unemployment.
Current job openings include Software Engineers, Cloud Solutions Architects, and Data Engineers, with salaries ranging from $90,000 to $198,000, $141,000, and $69,000 to $191,000 respectively. These roles are highly sought after due to the expanding tech landscape in Denver.
The employment landscape in Denver is characterized by high demand for skilled professionals, particularly in software development, data science, and AI. Software Engineers and Cloud Solutions Architects are among the highest-paying roles, with annual salaries ranging from $90,000 to $198,000 and $141,000 respectively. The city's tech sector contributes significantly to the economy, with a contribution of $49.8 billion to Colorado's economy last year.
Statistics show that Denver's unemployment rate has increased to 5.10% as of December 2024, up from 4.80% the previous month and 3.60% a year ago. Despite this, the overall job growth in Colorado remains strong, with an average of 4,400 jobs created per month over the past year.
Major industries in Denver include aerospace, telecom, energy, financial services, medical and biomedical, retail, and computer hardware and software development. The city is home to highly educated and technically savvy personnel, with almost 90% of working adults being high school graduates and a high concentration of college graduates.
Growing sectors include AI infrastructure, with significant investments in local data centers, and cloud computing, where skills in AWS, Azure, and Google Cloud Platform are highly valued. Cybersecurity is also a critical area due to the high cost of data breaches, making security professionals highly sought after.
Recent developments highlight Denver's attractiveness for young talent, with a median starting pay of $19 per hour for new tech talent and an annual pay growth of 5.8%. Companies are offering remote work flexibility, career development programs, and competitive benefits packages to attract and retain employees.
Seasonal patterns show a general softening in the labor market post-pandemic, but the rates are still below historical averages. Commuting trends are not specifically detailed, but the influx of young professionals suggests a vibrant and dynamic workforce.
Government initiatives focus on supporting the labor market through economic policies, though specific details are not provided in recent data. The market evolution is marked by continuous innovation, with major players in software development, data science, and AI setting up operations in Denver.
Key findings include the robust growth of the tech sector, high demand for skilled tech professionals, and a strong overall job market despite a slight increase in unemployment.
Current job openings include Software Engineers, Cloud Solutions Architects, and Data Engineers, with salaries ranging from $90,000 to $198,000, $141,000, and $69,000 to $191,000 respectively. These roles are highly sought after due to the expanding tech landscape in Denver.