According to Colorado Department of Labor and Employment, full economic recovery is anticipated to be reached in the state by mid-2013. The state has surpassed the national average for rate of job growth during 2012, with net growth of 37,300 jobs between September 2011 and September of 2012. Locally, the department estimated that metro Denver (including Boulder County) experienced net job growth of 34,500 positions, further driving demand for apartments. In fact, a study by Arizona State University found that metro Denver experienced the third highest number of jobs created during a recent twelve month period, surpassed only by the San Francisco Bay area and Houston