Loveland, CO – January 2024 Jobs Report: Diversified Growth in Rocky Mountain Haven

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Loveland, Colorado, showcased a diversified and resilient job market in January 2024, defying concerns of a national slowdown. This report dives into the details of the January jobs report, highlighting key trends and offering insights into the future outlook for the city’s economic landscape.


  • Job growth: Loveland added 100 new jobs in January, representing a 0.4% increase from December 2023. This surpasses the national average of 0.1% growth.
  • Unemployment rate: The unemployment rate remained low at 2.2%, indicating a tight labor market with more open positions than available workers.
  • Wage growth: Average weekly wages increased by 1.7% compared to December 2023, reaching $945. This translates to an annual wage growth of 5.9%.


  • Balanced growth: Loveland’s job growth was spread across multiple industries, with Professional and Business Services leading the way with 30 new jobs, followed by Trade, Transportation, and Utilities with 20 new positions.
  • Other notable gains: The Leisure and Hospitality industry added 15 jobs, while Education and Health Services saw an increase of 10 jobs.
  • Declining sectors: The Construction industry experienced a slight decline of 5 jobs, while Manufacturing remained stagnant.

Industries and Occupations:

  • Growing occupations: The top fastest-growing occupations in Loveland included Registered Nurses and Software Developers
  • Shrinking occupations: Cashiers, retail salespeople, and food preparation workers saw the largest job losses in January.

Comparison to Last Year:

  • Job growth: Loveland’s job market grew by 2.8% year-over-year in January, exceeding the national average of 1.7%.
  • Unemployment rate: The unemployment rate decreased from 2.6% in January 2023, reflecting a tighter labor market.
  • Wage growth: Average weekly wages increased by 6.3% compared to January 2023, outpacing the national average of 5.7%.

Comparison to Previous Month:

  • Job growth: January’s job growth was slightly higher than December 2023’s increase of 80 jobs.
  • Unemployment rate: The unemployment rate remained unchanged from December 2023.
  • Wage growth: Wage growth accelerated from December’s 1.5% increase.

Future Outlook:

Loveland’s job market is expected to maintain its diverse growth trajectory in the coming months, driven by factors such as:

  • Continued expansion of the healthcare and technology sectors.
  • Growth in tourism and outdoor recreation, leveraging the city’s natural beauty.
  • Investment in infrastructure and renewable energy projects.

10 Growing Occupations:

  1. Registered Nurses
  2. Software Developers
  3. Physician Assistants
  4. Marketing Specialists
  5. Wind Turbine Service Technicians
  6. Home Health Aides
  7. Solar Photovoltaic Installers
  8. Special Education Teachers
  9. Middle School Teachers
  10. Sales Representatives

10 Companies Hiring Now:

  1. McKee Medical Center
  2. Hewlett Packard Enterprise
  3. Agilent Technologies
  4. Estes Park Resort
  5. Fort Collins Area Chamber of Commerce
  6. UCHealth
  7. Xcel Energy
  8. The Home Depot
  9. Loveland City & County Government
  10. Colorado State University