Fri July 18, 2014
Colorado Unemployment Continues To Fall
The state's unemployment rate fell to 5.5 percent in June. It's below the national average of 6.1 percent.
The Colorado Department of Labor and Employment said the last time the state's unemployment rate was 5.5 percent or lower was October 2008 when the rate was 5.3 percent.
Nonfarm payroll jobs increased by over 3,000 from May to June to 2,446,800 jobs, according to the department. Colorado has seen 32 consecutive months of payroll job gains.
KVNF’s Laura Palmisano spoke to Alexandra Hall, chief economist for the Colorado Department of Labor, about the numbers.
In the interview, Hall discussed Colorado's employment situation and why parts of the Western Slope have unemployment rates higher than the state and national averages.