Employment Numbers Down in Colorado

According to the Denver Business Journal, small business hiring in Colorado was only up 0.15 percent in August. This is lower than the national average of 0.16 percent, however only slightly slower. In addition, the number of online ads for jobs also fell in August to only 4,700 jobs being posted.

So what accounts for the fall in the number of new hires and jobs being posted? The number one cause seems to be uncertainty in the economic climate. US economic growth is still lower than it has been in years and companies are leery of hiring when they don’t know whether they can support the position for the long term. The few areas that seem to not be suffering are technology and other professional level positions.

Which leads to the second reason for lower growth: companies are having a hard time finding employees that can do the jobs they needs. Companies are looking to hire those with backgrounds in STEM fields (science, technology, engineering, and math). As the number of people with this backgrounds increases in other countries, companies are going to these countries for a steady educated workforce.

And finally, even those companies that can hire are waiting to see what regulations are going to be at the beginning of the year. Recent reports show that many companies are hesitant to hire when it will bring them to the point that they need to comply with federal regulations like the Affordable Health Care Act.

So what do you do if you are a company that needs, or even wants, to hire someone? An HR consultant can help you draft the job description and create employment packages to retain the best people. In addition, speaking to your small business attorney and your CPA can make sure that you aren’t incurring legal or tax obligations that you can’t handle.

If you are looking to hire and want to make sure you are doing everything right, please schedule an appointment today!

About Elizabeth Lewis
Elizabeth Lewis is a small business attorney, mother of two, and owner of the Law Office of E.C. Lewis, PC. She works with small businesses from start up to dissolution and everything in between. In addition to running her law firm, she teaches small business owners throughout the state at various business groups, is part of the Colorado Bar Association's Business Law Section, and several chambers. Legal Background Following the advice that she has given hundreds, Denver Business Attorney Elizabeth Lewis became a small business owner in January of 2010. She opened the doors to her own law firm, the Law Office of E.C. Lewis, P.C. which specializes in business, intellectual property, technology, and online law. Prior to starting her own business law firm, she worked for the Law Firm of David A. Sprecace, P.C., where she developed the firm’s business and technology law practice. She also has extensive experience in these fields from working under the lead attorney at the CU Technology Transfer Office where she wrote licensing, non-compete, employment, and business contracts. IT Background Prior to attending CU Law School, Elizabeth worked at Experian, one of the largest credit bureaus in the country providing IT support as part of the email-marketing department. She holds a Masters of Science in Computer Information Technology, gained while working in system administration prior to law school. She continues to be active in the IT community by attending conferences, classes, and events to learn about new technology before it hits the internet. Education Elizabeth Lewis is a native of Denver, Colorado. She has attended Holy Family High School, Metropolitan State College of Denver (Bachelor of Arts), and Regis University (Masters of Science). She received her Juris Doctorate from the University of Colorado Law School and continues her legal education taking Continuing Legal Education classes from the Colorado Bar Association and Denver Bar Association on a regular basis. Additional Activities Elizabeth regularly participates in the Denver Bar Association and Colorado Bar Association. She recently was named the head of the e-Commerce Section of the Business Law Section, Colorado Bar Association. Elizabeth is active in her community and hold memberships with the Fax Partnership, South Metro Chamber of Commerce, Glendale Chamber of Commerce, Colorado Bar Association, and Denver Bar Association. She teaches regularly at locations throughout the Front Range. In her free time, she loves spending time with her family which includes her husband, two sons, and dog and enjoying all that her home state has to offer, including hiking, biking, enjoying over 300 days of sunshine a year, and most recently crossfit.

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