Colorado lost thousands of jobs last month, but the state’s unemployment rate is holding steady.
The Colorado Department of Labor and Employment says the state’s unemployment rate dropped to 7.3 percent in January from December’s 7.6 percent.
Colorado’s unemployment rate decreased to 8 percent in September, down two-tenths of a percentage point from August’s unemployment rate of 8.2 percent.
The jobless numbers dropped to 8.2 percent in August. That’s down 1/10th of a percentage point from July’s unemployment rate of 8.3 percent.
Colorado’s unemployment rate has fallen below 8 percent for the first time since the middle of 2010.
The state labor department said Tuesday that Colorado’s unemployment rate was 8 percent during November, one-tenth of a percentage point lower than in October.
Unemployment is down slightly in Colorado thanks to the addition of new jobs in October.
Colorado is turning to business owners to cover interest on a federal loan used to cover unemployment benefits.
Legislative economists say a Colorado fund that pays out unemployment benefits should be solvent again in the coming fiscal year.
Colorado’s unemployment rate is moving in the right direction.