Colorado February Unemployment Rate Steady at 3 Percent

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Published Sunday, March 25, 2018

Employers in Colorado added 8,600 nonfarm payroll jobs from January to February for a total of 2,701,800 jobs, according to the survey of business establishments. Private sector payroll jobs increased 9,000 and government decreased 400.
According to the survey of households, the unemployment rate was unchanged from January to February at 3.0 percent. The number of people actively participating in the labor force increased 7,600 over the month to 3,041,700 and the number of people reporting themselves as employed increased 7,800 to 2,949,500, causing the number of unemployed to decrease 100. Due to rounding, the unemployment rate was unchanged from January at 3.0 percent. The U.S. unemployment rate was also unchanged in February at 4.1 percent.
Over the year, the average workweek for all employees on private nonfarm payrolls increased from 32.9 to 33.3 hours and average hourly earnings increased from $27.44 to $28.32.
The largest over the month private sector job gains were in construction, trade, transportation, and utilities, and manufacturing. There were no significant private sector over the month declines.
Over the year, nonfarm payroll jobs increased 63,400, with an increase of 59,000 in the private sector and an increase of 4,400 in government. The largest private sector job gains were in construction, leisure and hospitality, and professional and business services. There were no significant private sector over the year declines.
Over the year, the unemployment rate is up three-tenths of a percentage point from 2.7 percent. The number of Coloradans participating in the labor force increased 97,400, total employment increased 83,600 and the number of unemployed increased 13,800. The national unemployment rate declined from 4.7 percent in February 2017 to 4.1 percent in February 2018.

LABOR FORCE SUMMARY

COLORADO

Preliminary Estimates for February 2018  (in thousands)

   

      

     

LABOR FORCE DATA

SEASONALLY ADJUSTED:                                   

 

 

Change from last:

 

Feb-18

Jan-18

Feb-17

Month

Year

Total Civilian Labor Force

3,041.7

3,034.1

2,944.4

7.6

97.4

Unemployment    

92.2

92.4

78.4

-0.1

13.8

     Unemployment Rate (%)

3.0

3.0

2.7

0.0

0.3

 Employment

2,949.5

2,941.7

2,865.9

7.8

83.6

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

 

 

Change from last:

 

Feb-18

Jan-18

Feb-17

Month

Year

Total Civilian Labor Force

3,058.3

3,015.0

2,942.9

43.3

115.4

Unemployment

100.3

101.0

91.0

-0.7

9.3

     Unemployment Rate (%)

3.3

3.4

3.1

-0.1

0.2

 Employment

2,958.0

2,914.0

2,851.9

44.0

106.1

 

Not Seasonally Adjusted Labor Force

 

February 2018

          

Labor Force

 Employment

 Unemployment

Rate

Colorado

3,058,285

2,958,016

100,269

3.3

Counties

 

 

 

 

Adams

266,875

257,353

9,522

3.6

Alamosa

8,280

7,924

356

4.3

Arapahoe

358,779

347,467

11,312

3.2

Archuleta

6,438

6,188

250

3.9

Baca

1,997

1,958

39

2.0

Bent

1,872

1,806

66

3.5

Boulder

191,332

185,861

5,471

2.9

Broomfield

38,735

37,615

1,120

2.9

Chaffee

9,216

8,940

276

3.0

Cheyenne

1,112

1,091

21

1.9

Clear Creek

5,961

5,791

170

2.9

Conejos

3,890

3,697

193

5.0

Costilla

1,841

1,762

79

4.3

Crowley

1,481

1,422

59

4.0

Custer

1,931

1,847

84

4.4

Delta

14,193

13,518

675

4.8

Denver

405,718

392,792

12,926

3.2

Dolores

1,110

1,081

29

2.6

Douglas

187,045

181,916

5,129

2.7

Eagle

38,358

37,465

893

2.3

El Paso

334,413

321,664

12,749

3.8

Elbert

14,510

14,074

436

3.0

Fremont

15,151

14,355

796

5.3

Garfield

33,392

32,224

1,168

3.5

Gilpin

3,664

3,578

86

2.3

Grand

10,573

10,295

278

2.6

Gunnison

11,511

11,242

269

2.3

Hinsdale

472

459

13

2.8

Huerfano

2,531

2,338

193

7.6

Jackson

949

925

24

2.5

Jefferson

331,929

322,111

9,818

3.0

Kiowa

930

914

16

1.7

Kit Carson

4,401

4,295

106

2.4

La Plata

31,411

30,365

1,046

3.3

Lake

5,142

5,032

110

2.1

Larimer

198,044

192,306

5,738

2.9

Las Animas

6,361

6,053

308

4.8

Lincoln

2,380

2,318

62

2.6

Logan

11,166

10,854

312

2.8

Mesa

74,822

71,373

3,449

4.6

Mineral

428

417

11

2.6

Moffat

7,530

7,197

333

4.4

Montezuma

12,853

12,123

730

5.7

Montrose

21,127

20,243

884

4.2

Morgan

15,873

15,408

465

2.9

Otero

8,416

7,987

429

5.1

Ouray

2,242

2,160

82

3.7

Park

10,340

10,034

306

3.0

Phillips

2,423

2,374

49

2.0

Pitkin

11,460

11,174

286

2.5

Prowers

6,127

5,944

183

3.0

Pueblo

75,090

71,440

3,650

4.9

Rio Blanco

2,738

2,614

124

4.5

Rio Grande

5,335

5,033

302

5.7

Routt

16,964

16,555

409

2.4

Saguache

3,335

3,190

145

4.3

San Juan

532

513

19

3.6

San Miguel

6,095

5,968

127

2.1

Sedgwick

1,156

1,126

30

2.6

Summit

25,532

25,093

439

1.7

Teller

12,446

11,987

459

3.7

Washington

3,020

2,940

80

2.6

Weld

161,805

156,845

4,960

3.1

Yuma

5,498

5,381

117

2.1