Job growth in the Denver metro-area will continue to surge ahead, according to Forbes 2016 annual review of the Best Cities for Job Growth in the U.S.
Forbes ranked Denver-Aurora-Lakewood as the No. 7 hottest market for jobs in the U.S. in their annual ranking of the Best Cities for Job Growth in the U.S.
The analysis looks at the nation’s largest 70 metropolitan areas with more than 450,000 jobs to determine which metros are the likely leaders in employment growth for 2016.
Two California cities clocked the top spots for the third year in a row, evidence that the boom in technology is still creating jobs. Considered by many to be the “twin capitals” of the tech industry San Francisco-Redwood City-San Francisco, CA Metro Division claimed the No. 1 spot for the second year in a row and San Jose-Sunnyvale-Santa Clara, CA took No. 2.
Yet, high housing prices in these California metros reportedly have sent employers seeking more affordable locations. Forbes says that a recent study by the California’s Legislative Office “found that the area’s top executives see high housing prices as the biggest barrier to future growth.”
While Denver-metro housing prices are at high levels, the area is still considerably less than the California tech metros, as are the other metro areas that are in the top 10 for job growth.
Using employment data from the Bureau of Labor Statistics from 2004 through 2015, Forbes’ rankings are based on recent growth trends, mid-term growth, long-term growth and the region’s momentum.
Here’s the list of Forbes top 10 2016 Best Cities for Jobs.
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