Colorado’s unemployment rate ticks up to 4.1%
The gap between state and the U.S. average was shrinking. In October, it disappeared.
Unemployment in Colorado is growing.
The state reported its unemployment rate hit 4.1% in October, up from 4% the month before — matching the national average after being below the U.S. rate all year, according to data from the Colorado Department of Labor and Employment’s report released Monday. The number of unemployed grew by nearly 4,000 over the month to a total of 134,000.
The national unemployment rate of 4.1% was unchanged from September.
Colorado’s labor force participation stayed steady at 67.9%, growing by 4,300 people to reach 3.25 million in October. It’s higher than the national average, which dipped by one-tenth of a percentage point to 62.6%.
The state added 9,000 jobs last month, with the private sector growing by 7,800 jobs and the government sector growing by 1,200 jobs. The most job gains in October were in the professional and business services industry; leisure and hospitality; and trade, transportation and utilities. No private sector saw significant job losses last month, according to the CDLE report.
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