Colorado Unemployment Rate Drops To 4.3 Percent In July
DENVER (AP) — Colorado's unemployment rate has dropped one-tenth of a percentage point to 4.3 percent.
State labor officials said Friday the number of non-farm jobs declined by 2,200 from June to July, but the total number of people in the workforce declined by 10,200, resulting in a drop in the jobless rate.
Private sector payroll jobs decreased by 3,300 and government jobs increased 1,100.
The largest job losses from June to July were in education and health services, professional and business services and construction. The biggest gains were in trade, transportation and utilities.
A year ago, Colorado's jobless rate was 4.8 percent. Since then, total employment increased by 8,100 and unemployment decreased by 13,200.
The national unemployment rate for June was unchanged at 5.3 percent.
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