Colorado Unemployment Rate Dips To 8.8 Percent
DENVER (AP) – The Colorado unemployment rate is falling.
The state labor department said Friday the unemployment rate fell to 8.8 percent in April from 9.2 percent in March as the state added about 2,200 nonfarm payroll jobs.
The unemployment rate was two-tenths of a percentage point lower than April 2010, when it was 9 percent.
The labor department’s executive director, Ellen Golombek, says it’s encouraging, but she’d like to see the trend continue for several months before reading too much into the numbers.
The national unemployment rate for April was 9 percent, down from 9.8 percent a year earlier.
The state labor department says Colorado added about 3,500 jobs in the trade, transportation and utilities sector in April; about 2,100 jobs in services; and about 1,200 in leisure and hospitality.
(Copyright 2011 by The Associated Press. All Rights Reserved.)