Friday, March 7, 2014

Greeley employment shows growing strength over past two years

According to the establishment survey of employment, total payroll employment in the Greeley area has shown significant growth over the past two years.

Year-over-year growth in payroll employment in the Greeley area during December 2013 was near the highest levels we've seen in the past decade. According the survey, more than 3,400 jobs were added in the Greeley area from December 2012 to December 2013. November 2013 showed an increase of 3,600 jobs, year over year. The first graph shows that the December total growth was similar to some of the biggest growth months during the past decade. Numbers are in 1,000s: 

The second graph shows total payroll employment by month. In this graph we can see that Greeley's December total was well above its old peak reached during September 2008, and was the highest total reached in any December ever. We also see that 2012 showed substantial growth over 2011, and that 2013 then added to 2012's gains. During 2010 and 2011, employment stalled in the region, but has accelerated since 2012.