Metro Denver’s economy, once a national leader in creating jobs, is starting to look a little winded.
A ranking Monday from the U.S. Bureau of Labor Statistics places metro Denver 32nd for job growth out of the 51 largest metros with a population of 1 million or more. Employment rose 1.2 percent for the 12 months through May, below the national average and on par with New York and Philadelphia.
That 1.2 percent pace trails the 1.8 percent rate seen at the start of the year and is under half the 2.6 percent annual gain averaged over the past 10 years. Metro areas with more robust job growth than metro Denver in May include Memphis, St. Louis, Cleveland and Kansas City, Mo.
A few sectors