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.
The University of Colorado business school is predicting moderate job growth in the state for the rest of the year.
Colorado unemployment dropped to 5.8 percent in May, putting the state close to the pre-recession unemployment level.
Colorado unemployment dropped to 6.0 percent in April, the lowest level the state has seen since the beginning of the recession.
University of Colorado economists say the state’s job growth rate is at about 1.6 percent midway through the year, which would put the state on a pace to add about 35,000 jobs in 2012.
Colorado state lawmakers head back to work this week with the top priority of putting more Coloradans back to work, but once again there’s an extremely tight budget.