State officials say Colorado lost 700 jobs in August but the unemployment rate dropped as the labor force shrank.
The unemployment rate in Colorado dropped to 5.5 percent in June, a decrease of three-tenths of a percentage point.
In a State of the City address heavy on employment, transit, tourism and business development, Mayor Michael Hancock on Monday trumpeted the city’s gains in attracting manufacturers and culturing an environment for start-ups.
Colorado added jobs for the 29th straight month in March, and as the good economic news mounts, more people are seeking work, the state’s chief economist said Friday.
Veterans returning from military service have a higher unemployment rate than average but that’s all about to change thanks to a new law.
Colorado’s unemployment remained at 6.1 percent in February as more people got jobs and even more joined the labor force.
Colorado’s unemployment rate dropped to 6.1 percent in January, continuing a downward trend from last year.
Colorado’s unemployment rate has declined to 6.8 percent, the lowest rate in nearly five years.
Colorado nonfarm payroll jobs declined by 4,300 from July to August, but the state’s unemployment rate fell slightly as more people dropped out of the labor force.
Colorado lost thousands of jobs last month, but the state’s unemployment rate is holding steady.