Unemployment at 4% in Colorado

Posted at 2:06 PM, Jan. 24, 2007

The jobs outlook in Colorado is getting better - Yeah!  I hope that will reduce the number of bankruptcies and foreclosures that Colorado has been seeing.

In December of 2006, 19,500 nonfarm jobs were added in Colorado.  This pushed the unemployment rate down to 4% (seasonally adjusted) which is the best level recorded since August 2001.  The national unemployment rate is 4.5%.  If the unemployment rate is not adjusted for seasonality, the unemployment rate is only 3.9%.

The sector that saw the largest growth in jobs during December is in the leisure and hospitality industry with 12,000 jobs.  The construction and government industries saw declines in their job numbers during December.

For 2006, Professional/Business Services saw the biggest growth in the job market.  The information industry saw job growth stay stagnet or drop just a little.

Additional information can be found online in the Denver Post Wednesday, January 24, 2007 Business section.