Continued efforts are needed in Colorado to better match job openings and the skills of job applicants, according to the latest results of an annual report.
“There are lots of good job openings in Colorado, but many of them require certain skills and qualifications. We need to make sure that people who want better jobs have a realistic way to get the skills they need for advancement,” said Colorado Gov. Jared Polis.
The Colorado Workforce Development Council released its annual Colorado Talent Pipeline Report analyzing issues related to the supply and demand of talent and recommending strategies to promote economic prosperity. The report also highlights so-called top jobs in Colorado with high annual openings, above average growth and good wages.
The Colorado economy continues to thrive in the midst of steady job growth and, according to the latest estimate, a seasonally adjusted unemployment rate of just 2.6 percent. Still, a gap between job openings and a skilled work force persists.
According to the report, 64 percent of top jobs require a credential beyond high school. But only 57 percent of Coloradans hold credentials beyond high school.
“We need to make sure that people who want better jobs have a realistic way to get the skills they need for advancement,” Polis said. “Colorado has one of the top economies in the country, but we want to make sure it works for everyone. All Coloradans should have the opportunity to thrive, which includes access to employment and skills training.”
Progress has been made on this issue in recent years, but more work is needed to support the demands of a shifting economy, the report stated.
The conclusion of the report provides recommendations from the Advocacy Steering Committee of the Colorado Workforce Development Council on areas of focus and associated strategies to fill the talent pipeline. Those recommendations include:
Increasing access to opportunities for quality, lifelong education connected to the future of work.
Fostering an economy that works for everyone.
Focusing resources on strategies that have already demonstrated results and effectiveness.
The 2019 Talent Pipeline Report is available at www.colorado.gov/pacific/cwdc/colorado-talent-pipeline-report.