Econ report shows Jeffco added jobs in 2020 despite pandemic

Given that the last 14 months have been dominated by a major pandemic that resulted in Colorado reaching the highest unemployment rate (14.4%) ever recorded in April 2020, one might naturally assume that the last year has been a bad one for job growth in Jeffco.

But the latest county economic data profile produced by the Jefferson County Economic Development Corporation paints a different picture.

According to the 2021 JCEDC Economic Profile, published at the end of April, Jeffco ended 2020 with 273,863 jobs, which was up from the 270,223 jobs the county ended 2019 with according to the 2020 report. That gave the county a job growth rate of about 1.34%, which means the number of jobs grew faster than the population, which is estimated to have grown by about 0.06%.

Yet, unemployment was up too, increasing from 2.4% at the end of 2020 to 5.8% at the end of 2021. So what is really going on here?

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Posted Monday, May 10, 2021 11:14 pm
Paul Albani-Burgio
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All economic reports produced by the Jeffco EDC, including the 2021 economic profile, can be found at jeffcoedc.org/about/research-publications/economic-reports/