Denver Job Market Report

Denver's Evolving Job Landscape: Navigating Growth, Wage Pressures, and Sector Shifts in 2026


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Denver’s job market in late 2025 displays a complex landscape marked by steady but slowing growth, wage pressures, sector shifts, and evolving employer strategies. According to Payscale, the average pay raise in the Denver metro is projected at 3.5% for 2026, following a national trend of wage growth deceleration and slower new job creation, with September 2025 seeing only 22,000 jobs added nationwide. Moody’s Analytics, via The Builder’s Daily, highlights an expected uptick in Denver’s unemployment rate by about 0.4 percentage points into 2026, attributed to cautious hiring amid persistent inflation and modest economic expansion. While current detailed Denver unemployment figures are limited, Colorado state numbers have hovered just above the national average, with notable resilience in urban centers.

Denver’s employment ecosystem remains anchored by health care, professional services, finance, energy, education, technology, and life sciences. The Denver Gazette points out that health care is now the metro’s largest sector, having overtaken retail. CU Denver, one of the state’s largest employers, and the broader life sciences cluster contribute to a $52.4 billion annual impact, employing nearly 41,000 people in high-skilled positions according to the Colorado BioScience Institute. AI adoption is reshaping the tech landscape, creating opportunities in data, cloud, and cybersecurity, but threatening some entry-level roles, as noted by the Denver Business Journal. Construction and real estate are affected by high mortgage rates and low inventory, with homebuilders facing a prolonged period of gradual normalization rather than recovery, based on insights from The Builder’s Daily. Wage growth in construction and engineering sectors is boosted by retirements and ongoing demand, per Payscale.

Recent developments include corporate consolidations such as Gates Industrial’s announced factory closures and layoffs, and public discussions around affordable housing and a major bond package, as reported in the Denver Business Journal and Gazette. Frontline reports show that Denver’s government continues to advance economic opportunity with initiatives addressing housing affordability, youth employment, mental health, and rural connectivity, exemplified by Phil Weiser’s Opportunity Agenda and the Denver City Council’s focus on civic assemblies to drive policy.

Commuting patterns continue to reflect remote and hybrid work arrangements, lessening central city congestion but shifting demand to suburban transit. Seasonal fluctuations persist, peaking in hospitality and leisure during summer and ski seasons, while educational and health care jobs see steadier demand year-round. Industrial sectors, including manufacturing and logistics, have seen increased investment and stable real estate activity, with Matthews reporting a 3.5% year-over-year increase in industrial sales for northern Colorado, which includes the Denver area.

Significant gaps remain in hyper-local data for Denver-specific unemployment and wage statistics as of late October 2025. However, salary estimates show business administration professionals averaging $71,140 per year according to ZipRecruiter.

Key findings are that Denver’s job market, while cooling, continues to rely on health care, technology, professional services, and life sciences for growth, but faces challenges from inflation, sector realignment, and the evolving nature of work. Notably, the city is responding with targeted government initiatives and stakeholder-driven policy efforts. For listeners seeking opportunities, current job openings in Denver include a Director of Graduate Marketing and Communications at the University of Denver, a Business Analyst I also at DU, and multiple nanny positions for families needing full or part-time help with young children. Thank you for tuning in and make sure to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

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Denver Job Market ReportBy Inception Point Ai