Colorado Unemployment Drops to 2.9 Percent

PROMO 660 x 440 Business - Colorado Business - Wikimedia
Published Monday, May 21, 2018

Employers in Colorado added 7,200 nonfarm payroll jobs from March to April for a total of 2,717,000 jobs, according to the survey of business establishments. Private sector payroll jobs increased 6,300 and government increased 900.
According to the survey of households, the unemployment rate decreased one-tenth of a percentage point from March to April to 2.9 percent. The number of people actively participating in the labor force increased 6,800 over the month to 3,056,100 and the number of people reporting themselves as employed increased 9,300 to 2,968,100, causing the number of unemployed to decline 2,500. The U.S. unemployment rate decreased two-tenths of a percentage point in April to 3.9 percent.
Over the year, the average workweek for all employees on private nonfarm payrolls was unchanged at 33.7 hours and average hourly earnings increased from $27.73 to $28.91.
The largest over the month private sector job gains were in leisure and hospitality, professional and business services, and financial activities. The largest over the month decline was in education and health services.
Over the year, nonfarm payroll jobs increased 69,700, with an increase of 64,000 in the private sector and an increase of 5,700 in government. The largest private sector job gains were in leisure and hospitality, professional and business services, and construction. 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 2.6 percent. The number of Coloradans participating in the labor force increased 93,000, total employment increased 82,100 and the number of unemployed increased 10,900. The national unemployment rate declined from 4.4 percent in April 2017 to 3.9 percent in April 2018.

LABOR FORCE SUMMARY

COLORADO

Preliminary Estimates for April 2018  (in thousands)

   

       

     

LABOR FORCE DATA

SEASONALLY ADJUSTED:                                   

 

 

Change from last:

 

Apr-18

Mar-18

Apr-17

Month

Year

Total Civilian Labor Force

3,056.1

3,049.4

2,963.1

6.8

93.0

Unemployment     

88.1

90.6

77.2

-2.5

10.9

     Unemployment Rate (%)

2.9

3.0

2.6

-0.1

0.3

 Employment

2,968.1

2,958.8

2,885.9

9.3

82.1

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

 

 

Change from last:

 

Apr-18

Mar-18

Apr-17

Month

Year

Total Civilian Labor Force

3,058.4

3,060.9

2,955.2

-2.5

103.2

Unemployment 

79.4

89.4

76.3

-10.0

3.1

     Unemployment Rate (%)

2.6

2.9

2.6

-0.3

0.0

 Employment 

2,979.0

2,971.5

2,878.9

7.5

100.2

           

WAGE AND SALARY EMPLOYMENT DATA

SEASONALLY ADJUSTED:

 

 

 

Change from last:

 

Apr-18

Mar-18

Apr-17

Month

Year

Mining & Logging

28.8

28.3

25.1

0.5

3.7

Construction

171.6

172.4

161.7

-0.8

9.9

Manufacturing

146.1

145.9

144.0

0.2

2.1

Trade, Transportation, & Utilities

468.2

468.9

459.6

-0.7

8.6

Information

74.7

74.5

71.4

0.2

3.3

Financial Activities

169.7

168.5

167.2

1.2

2.5

Professional & Business Services

425.9

422.7

411.4

3.2

14.5

Educational & Health Services

336.8

337.8

332.3

-1.0

4.5

Leisure & Hospitality

346.0

342.2

330.2

3.8

15.8

Other Services

107.7

108.0

108.6

-0.3

-0.9

Government

441.5

440.6

435.8

0.9

5.7

TOTAL NONAG

2,717.0

2,709.8

2,647.3

7.2

69.7

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

   

Change from last:

 

Apr-18

Mar-18

Apr-17

Month

Year

Mining & Logging

28.6

28.1

24.7

0.5

3.9

Construction

168.2

167.2

159.7

1.0

8.5

Manufacturing

145.5

145.3

143.4

0.2

2.1

Trade, Transportation, & Utilities

463.2

464.0

454.7

-0.8

8.5

Information

74.3

74.2

70.9

0.1

3.4

Financial Activities

169.0

168.4

166.6

0.6

2.4

Professional & Business Services

425.9

415.6

409.6

10.3

16.3

Educational & Health Services

336.5

338.1

333.5

-1.6

3.0

Leisure & Hospitality

343.1

345.0

327.1

-1.9

16.0

Other Services

107.1

107.6

108.3

-0.5

-1.2

Government

448.4

447.1

442.1

1.3

6.3

TOTAL NONAG

2,709.8

2,700.6

2,640.6

9.2

69.2

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

Not Seasonally Adjusted Labor Force

 

April 2018

           

Labor Force

 Employment 

 Unemployment 

Rate

Colorado

3,058,418

2,979,041

79,377

2.6

 

 

 

 

 

Counties

 

 

 

 

Adams

266,375

258,870

7,505

2.8

Alamosa 

8,380

8,099

281

3.4

Arapahoe 

358,822

349,623

9,199

2.6

Archuleta 

6,584

6,400

184

2.8

Baca 

2,092

2,059

33

1.6

Bent 

1,910

1,856

54

2.8

Boulder

192,211

187,829

4,382

2.3

Broomfield

38,648

37,769

879

2.3

Chaffee

9,372

9,164

208

2.2

Cheyenne 

1,155

1,141

14

1.2

Clear Creek 

5,981

5,839

142

2.4

Conejos

3,965

3,821

144

3.6

Costilla 

1,908

1,847

61

3.2

Crowley 

1,483

1,427

56

3.8

Custer 

2,014

1,948

66

3.3

Delta 

14,477

13,989

488

3.4

Denver 

405,326

395,173

10,153

2.5

Dolores 

1,145

1,119

26

2.3

Douglas 

187,173

182,948

4,225

2.3

Eagle

36,681

35,986

695

1.9

El Paso 

336,010

325,688

10,322

3.1

Elbert 

14,643

14,310

333

2.3

Fremont

15,295

14,686

609

4.0

Garfield

32,382

31,552

830

2.6

Gilpin 

3,678

3,612

66

1.8

Grand 

9,672

9,440

232

2.4

Gunnison 

10,880

10,663

217

2.0

Hinsdale 

470

460

10

2.1

Huerfano 

2,612

2,475

137

5.2

Jackson 

955

928

27

2.8

Jefferson

332,254

324,399

7,855

2.4

Kiowa 

973

960

13

1.3

Kit Carson 

4,583

4,496

87

1.9

La Plata

32,039

31,297

742

2.3

Lake 

4,948

4,855

93

1.9

Larimer

199,954

195,554

4,400

2.2

Las Animas 

6,391

6,153

238

3.7

Lincoln 

2,447

2,401

46

1.9

Logan

11,270

11,023

247

2.2

Mesa

75,093

72,606

2,487

3.3

Mineral 

309

300

9

2.9

Moffat

7,549

7,302

247

3.3

Montezuma 

13,129

12,607

522

4.0

Montrose

21,536

20,856

680

3.2

Morgan

16,174

15,809

365

2.3

Otero 

8,445

8,107

338

4.0

Ouray 

2,284

2,211

73

3.2

Park 

10,447

10,204

243

2.3

Phillips 

2,574

2,533

41

1.6

Pitkin

11,270

10,974

296

2.6

Prowers 

6,276

6,127

149

2.4

Pueblo

75,027

72,082

2,945

3.9

Rio Blanco 

2,859

2,758

101

3.5

Rio Grande

5,454

5,239

215

3.9

Routt

15,933

15,579

354

2.2

Saguache

3,497

3,392

105

3.0

San Juan 

505

487

18

3.6

San Miguel 

5,224

5,081

143

2.7

Sedgwick 

1,220

1,192

28

2.3

Summit

23,381

23,034

347

1.5

Teller 

12,557

12,192

365

2.9

Washington 

3,092

3,024

68

2.2

Weld

161,754

157,917

3,837

2.4

Yuma 

5,665

5,567

98

1.7