Colorado unemployment rate inches up; fewer jobs added

Posted November 18, 2017

The October unemployment rate was four-tenths of a percentage point lower than the national rate of 4.1% reported by the Bureau of Labor Statistics. Breaking down the numbers, the private sector added 4,300 jobs while government jobs declined by 2,900. Both of those represent changes of less than 0.5 percent.

That's according to the latest monthly report on the state's jobs picture from the Colorado Department of Labor and Employment, released today.

At the same time, the size of the state's labor force has continued to hover right around 1.4 million people for most of the past year.

The nation's unemployment rate is 4.1 percent. It was also slightly down from 3.9 percent a year ago.

It is the 25th consecutive month the state's jobless rate has been at or below 4.0 percent, according to a release from the Maine Department of Labor.

"The low unemployment rate and job gains are indicators of the ongoing strength of the economy in MA". Employment there grew by 2,279 over the month while the number of people counted as unemployed fell by 1,673. Only Hawaii, at 2.2 percent, and North Dakota, at 2.5 percent, had lower rates.