Colorado February Unemployment Rate Steady at 3 Percent
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) | |||||
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LABOR FORCE DATA | |||||
SEASONALLY ADJUSTED: |
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| 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 |
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UNADJUSTED FOR SEASONALITY: |
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| 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 |
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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 |
