Consumer confidence is at its highest level since 2007, and a large amount of the credit goes to improved job conditions.
Colorado’s unemployment rate is now at its lowest level since before the recession.
Colorado’s unemployment rate has dropped by 0.4 percentage point to 4.3 percent in October, the lowest level in more than 6½ years.
Colorado gained 14,600 jobs in September and the unemployment rate dropped to 4.7 percent, with most of the gains coming from the private sector, state officials said Tuesday.
Colorado’s unemployment remained at 6.1 percent in February as more people got jobs and even more joined the labor force.
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.