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.
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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.
The governor’s economists say Colorado’s employment levels are back to where they were before the recession and tax receipts continue to exceed expectations.
Colorado’s unemployment rate in April continued to fall, dropping to 6.9 percent from March’s 7.1 percent.
Colorado Democrats have backed off a bill to allow unemployment benefits workers locked-out by employers as a defensive maneuver during labor disputes.