Fri May 16, 2014
Colorado Unemployment Falls To 6%, Lowest Since Nov. 2008
Unemployment continues to drop in Colorado.
The state’s unemployment rate is at its lowest point in about five in a half years, according to the Colorado Department of Labor and Employment. The unemployment rate for April was 6 percent. The last time is was 6 percent or lower was November 2008 when the rate was 5.7 percent.
“Our labor force in Colorado is at its highest point ever...in the history of [the state]," said Alexandra Hall, the department's chief economist. "This is good news because people are seeing economic condition improve and they’re returning to the labor force.”
The state has had 30 consecutive months of payroll job gains, Hall said. Nonfarm payroll jobs increased by 13,900 from March to April of this year. Unemployment rates do remain higher than state’s in Montrose County at 7.9 percent and Delta County at 6.8 percent.