Colorado’s March unemployment rate drops to 3.5 percent

Miscellaneous - Job Search Unemployment Computer - iStock - fizkes
Published Friday, April 19, 2019

Employers in Colorado added 6,100 nonfarm payroll jobs from February to March for a total of 2,755,300 jobs, according to the survey of business establishments. Private sector payroll jobs increased 5,300 and government increased 800. February estimates were revised down to 2,749,200, and the over the month change from January to February was an increase of 300 rather than the originally estimated increase of 700.

According to the survey of households, the unemployment rate decreased two-tenths of a percentage point from February to March to 3.5 percent. The number of people actively participating in the labor force increased 800 over the month to 3,139,700 and the number of people reporting themselves as employed increased 5,400 to 3,029,100, causing the number of unemployed to decrease 4,600 and the unemployment rate to decline to 3.5 percent. The national unemployment rate was unchanged over the same period at 3.8 percent.

2019-04-19_chart_64j1_colorado_unemployment_rate_march_2019.jpg

CHART Colorado Unemployment Rate March 2019
Colorado's unemployment rate improved during March 2019. Courtesy Colorado Department of Labor and Employment.

Over the year, the average workweek for all employees on private nonfarm payrolls decreased from 33.5 to 32.6 hours and average hourly earnings increased from $28.39 to $30.27.

The largest over the month private sector job gains were in professional and business services and educational and health services. The largest over the month decline was in leisure and hospitality.

Over the year, nonfarm payroll jobs increased 45,100, with an increase of 42,000 in the private sector and an increase of 3,100 in government. The largest private sector job gains were in professional and business services, educational and health services, and trade, transportation, and utilities. Financial activities declined over the year.

Over the year, the unemployment rate is up six-tenths of a percentage point from 2.9 percent. The number of Coloradans participating in the labor force increased 76,000, total employment increased 54,700 and the number of unemployed increased 21,300. The national unemployment rate declined from 4.0 percent in March 2018 to 3.8 percent in March 2019.

Not Seasonally Adjusted Labor Force

 

March 2019

           

Labor Force

Employment

Unemployment

Rate

Colorado

3,123,718

3,029,720

93,998

3.0

Counties

 

 

 

 

Adams

271,897

262,863

9,034

3.3

Alamosa 

8,268

7,906

362

4.4

Arapahoe 

365,810

355,332

10,478

2.9

Archuleta 

6,802

6,545

257

3.8

Baca 

2,032

1,991

41

2.0

Bent 

1,838

1,778

60

3.3

Boulder

198,372

193,422

4,950

2.5

Broomfield

40,115

39,077

1,038

2.6

Chaffee

9,462

9,209

253

2.7

Cheyenne 

1,021

1,003

18

1.8

Clear Creek 

6,115

5,957

158

2.6

Conejos

3,907

3,715

192

4.9

Costilla 

1,837

1,749

88

4.8

Crowley 

1,504

1,434

70

4.7

Custer 

2,010

1,945

65

3.2

Delta 

14,313

13,706

607

4.2

Denver 

416,808

404,507

12,301

3.0

Dolores 

1,120

1,075

45

4.0

Douglas 

192,818

187,919

4,899

2.5

Eagle

38,691

37,858

833

2.2

El Paso 

340,687

328,502

12,185

3.6

Elbert 

14,799

14,443

356

2.4

Fremont

15,024

14,248

776

5.2

Garfield

33,438

32,371

1,067

3.2

Gilpin 

3,778

3,682

96

2.5

Grand 

10,414

10,188

226

2.2

Gunnison 

11,153

10,888

265

2.4

Hinsdale 

373

360

13

3.5

Huerfano 

2,470

2,285

185

7.5

Jackson 

923

899

24

2.6

Jefferson

337,338

328,049

9,289

2.8

Kiowa 

844

829

15

1.8

Kit Carson 

4,061

3,986

75

1.8

La Plata

31,494

30,507

987

3.1

Lake 

5,224

5,102

122

2.3

Larimer

205,042

199,741

5,301

2.6

Las Animas 

6,546

6,257

289

4.4

Lincoln 

2,414

2,349

65

2.7

Logan

10,825

10,533

292

2.7

Mesa

77,074

74,169

2,905

3.8

Mineral 

605

594

11

1.8

Moffat

7,651

7,316

335

4.4

Montezuma 

13,005

12,269

736

5.7

Montrose

21,641

20,784

857

4.0

Morgan

15,970

15,493

477

3.0

Otero 

8,294

7,909

385

4.6

Ouray 

2,264

2,189

75

3.3

Park 

10,971

10,656

315

2.9

Phillips 

2,363

2,322

41

1.7

Pitkin

11,577

11,322

255

2.2

Prowers 

5,850

5,679

171

2.9

Pueblo

75,932

72,536

3,396

4.5

Rio Blanco 

2,716

2,586

130

4.8

Rio Grande

5,194

4,946

248

4.8

Routt

17,091

16,717

374

2.2

Saguache

3,366

3,223

143

4.2

San Juan 

455

434

21

4.6

San Miguel 

5,973

5,856

117

2.0

Sedgwick 

1,166

1,140

26

2.2

Summit

24,637

24,247

390

1.6

Teller 

12,853

12,418

435

3.4

Washington 

3,032

2,974

58

1.9

Weld

166,728

162,109

4,619

2.8

Yuma 

5,728

5,624

104

1.8

 

LABOR FORCE SUMMARY

COLORADO

Preliminary Estimates for March 2019

           

LABOR FORCE DATA

SEASONALLY ADJUSTED:

   

Change from last:

 

Mar-19

Feb-19

Mar-18

Month

Year

Total Civilian Labor Force

3,139.7

3,138.9

3,063.7

0.8

76.0

Unemployment     

110.6

115.2

89.3

-4.6

21.3

     Unemployment Rate (%)

3.5

3.7

2.9

-0.2

0.6

 Employment

3,029.1

3,023.7

2,974.4

5.4

54.7

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

     

Change from last:

 

Mar-19

Feb-19

Mar-18

Month

Year

Total Civilian Labor Force

3,123.7

3,132.6

3,056.8

-8.9

66.9

Unemployment 

94.0

109.5

94.9

-15.5

-0.9

     Unemployment Rate (%)

3.0

3.5

3.1

-0.5

-0.1

 Employment 

3,029.7

3,023.1

2,961.9

6.6

67.8

           

WAGE AND SALARY EMPLOYMENT DATA

SEASONALLY ADJUSTED:

     

Change from last:

 

Mar-19

Feb-19

Mar-18

Month

Year

Mining & Logging

28.9

28.7

28.2

0.2

0.7

Construction

173.7

174.0

171.5

-0.3

2.2

Manufacturing

148.6

148.1

146.8

0.5

1.8

Trade, Transportation, & Utilities

474.7

474.1

468.0

0.6

6.7

Information

74.5

74.6

74.4

-0.1

0.1

Financial Activities

166.7

167.5

170.6

-0.8

-3.9

Professional & Business Services

438.2

434.0

420.5

4.2

17.7

Educational & Health Services

346.4

344.7

339.5

1.7

6.9

Leisure & Hospitality

343.1

344.4

337.8

-1.3

5.3

Other Services

114.1

113.5

109.6

0.6

4.5

Government

446.4

445.6

443.3

0.8

3.1

TOTAL NONAG

2,755.3

2,749.2

2,710.2

6.1

45.1

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

     

Change from last:

 

Mar-19

Feb-19

Mar-18

Month

Year

Mining & Logging

28.6

28.5

28.0

0.1

0.6

Construction

169.0

168.3

166.9

0.7

2.1

Manufacturing

148.1

147.4

146.0

0.7

2.1

Trade, Transportation, & Utilities

469.5

468.7

462.5

0.8

7.0

Information

74.3

74.3

74.3

0.0

0.0

Financial Activities

166.3

166.9

170.2

-0.6

-3.9

Professional & Business Services

432.1

427.3

413.1

4.8

19.0

Educational & Health Services

347.3

345.0

339.7

2.3

7.6

Leisure & Hospitality

344.4

342.0

338.0

2.4

6.4

Other Services

113.8

112.6

109.1

1.2

4.7

Government

452.5

448.4

448.6

4.1

3.9

TOTAL NONAG

2,745.9

2,729.4

2,696.4

16.5

49.5

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

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