Colorado unemployment rate continued drop in July

Westminster

DENVER — Colorado’s unemployment rate continued its months-long downward plunge in July, creeping within a half a percentage point of the pre-COVID-19 pandemic low. The seasonally adjusted jobless rate fell one-tenth of a percentage point in July to 3.3%, the lowest the figure has been since February 2020, when it was 2.8%, according to Colorado … Continued

Employers open jobs for workers not in workforce

Westminster

Colorado employers have experienced a whipsaw in the past four years. Pre-pandemic, nearly every business sector complained about not being able to hire enough qualified people. Then came massive layoffs in 2020 and 2021, followed by inability to hire enough people again starting in late 2021 and into 2022. While the federal government’s Paycheck Protection … Continued

Colorado unemployment rate falls to 3.5%

Westminster

DENVER — Colorado’s unemployment rate dropped to 3.5% in May 2022, the lowest since February 2020, according to new data released Friday by the Colorado Department of Labor and Employment. That dropped the state below the national average of 3.6%, the first time since October 2021 that Colorado has had a lower unemployment rate than … Continued

Colorado unemployment level syncs up with national average

Westminster

Unemployment in Colorado matches the national average rate of 3.6%, according to new data about April 2022 provided by the Colorado Department of Labor and Employment today.  Ryan Gedney, senior labor economist with the Colorado Department of Labor and Employment, was optimistic about employment levels in a press call. The April unemployment report also found … Continued

Unemployment rate drops statewide, mostly flat in NoCo, Boulder Valley

Westminster

DENVER — The Colorado unemployment rate fell three-tenths of a percentage point from October to November, while rates in Larimer, Weld, Boulder and Broomfield counties remained mostly unchanged over the month.  Colorado’s seasonally adjusted jobless figure was 5.1% in November, compared with a national average of 4.2%, according to new information provided Friday by the … Continued

Region shifts from jobless surge to labor shortages

Westminster

A year ago we wrote: “What a difference a day can make. Or a virus. Colorado businesses in virtually every sector of the economy went from crying about being unable to hire enough people to propel continued growth to, almost overnight, laying off and furloughing people at levels not seen since the Great Depression.” Indeed, … Continued