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The Colorado Springs Economic Snapshot
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Jobs and Employment in Colorado Springs

The unemployment rate by the end of 2004 was 5.2%. This rate continually declines as more high tech, tourism, and military job come into the area. As of the beginning of 2005, experts were predicting that employment would grow by 1.5%.

Average wages in El Paso County in 2004 were $35,516. Wages and salaries were expected to increase over 2.2% 2005. According to the Greater Colorado Springs Economic Development Corporation, "Colorado Springs is poised and ready for the inevitable economic rebound."

For more information, visit The Greater Colorado Springs Economic Development Corporation.

Thinking about moving to Colorado Springs from another city or state? Worldwide ERC named Colorado Springs one of the top three cities for Relocating Families. Read the full article here.

Quarterly Colorado Springs Economic Reports

If you'd like to see more detailed information about our economy, take a look at the Quarterly Colorado Springs Economic Reports. This should offer more insight into a business relocation and for the status of employment levels in different industries.

Affordable Lifestyle

The EDC says, National statistics clearly and consistently show that Colorado Springs is an affordable community. By almost any index or measure, Colorado Springs and the Pikes Peak region compare favorably for housing, utilities and other cost of living items. Combine these favorable cost factors with clean air and water, abundant recreational opportunities and great weather, and the advantages of living and working in Colorado Springs become apparent.

City-to-City Comparison

Many people who live here believe that Colorado Springs offers an attractive alternative to large urban areas (like Denver). There are two airports, a population of 2.8 million within a 75-mile radius, and an unparalleled lifestyle, Colorado Springs is a natural-disaster free, centrally located community with easy access to all time zones. It's hard to find many other areas as attractive.

High-Performance Workforce

According to the EDC: Colorado Springs has high performance workers with the education, training and motivation to make your company grow. Our labor force is plentiful, well educated, and ready to work. Sources of labor include former military personnel, military dependents, retirees, college students and commuters from other Colorado cities. About 2.8 million persons of working age (20-64) live within a 75-mile radius of Colorado Springs.

The strong appeal of Colorado Springs as a place to live helps attract and hold talented executives, engineers and technicians at competitive wage levels. Living and working in Colorado Springs creates a profound sense of satisfaction about life that maximizes productivity, an employee benefit that translates into employer success. Area high-tech companies routinely receive hundreds of unsolicited resumes every month.

The region has a diverse labor force available and labor/management relations are excellent. Wages are competitive when compared to both coasts, the Midwest and other Colorado metros. There are work force services to assist with both short-term,"temp-to-hire", career counseling and placement needs and business training centers to corporate education opportunities.
        

      

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