A new report paints a not-so-great picture for retail grocery jobs (Click here) in the Denver area.

ChainLinks Retail Advisors and Terranomics Retail Services recently released the first U.S. National Retail Report. Unfortunately, that report does not name Denver as one of the Top 10 Retail Markets for this year, but did give the city a good overall ranking.

The report examined 43 markets that are considered important to retail vitality and ranked those based on vacancy, absorption, construction, and rental rate trends. It also took into account such data as unemployment, housing, and income growth.

The top 10 retail markets include:

  1. Washington, D.C.
  2. San Francisco
  3. New York City
  4. Boston
  5. San Diego
  6. San Jose/South Bay
  7. Baltimore
  8. Philadelphia
  9. Seattle
  10. Pittsburgh

Although the report did not name Denver among the best cities for retailers, it did give Denver a Retailer Demand Index of three. The index, which measures retail expansion plans, gives each market a subjective score of one to five.

Part of the reason for the mediocre retail climate in Denver could be that the local economy is still trying to recover from the economic recession. Although the economy looks better than it did this time last year, jobs are still being lost on a monthly basis and unemployment continues to climb.

During January, the Denver-Aurora-Broomfield area’s unemployment rate increased to 9.9 percent after remaining at 8.7 percent for two months in a row, which was well above the national average at the time of 9 percent.

According to the U.S. Bureau of Labor Statistics, the Denver area employed about 1,172,400 workers during January, which is down from 1,198,800 workers during December. However, that number is a .9 percent increase from the previous year.

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