Colorado unemployment increases to 2.9 percent in August

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Published Friday, September 21, 2018

Employers in Colorado added 1,500 nonfarm payroll jobs from July to August for a total of 2,740,500 jobs, according to the survey of business establishments. There was no change in private sector payroll jobs and government increased 1,500. July estimates were revised up to 2,739,000, and the over the month increase from June to July was 4,500 rather than the originally estimated 2,800.

According to the survey of households, the unemployment rate increased one-tenth of a percentage point from July to August to 2.9 percent. The number of people actively participating in the labor force increased 5,900 over the month to 3,090,800 and the number of people reporting themselves as employed increased 900 to 3,000,200. The larger increase in the labor force than in total employment caused the number of unemployed to increase 5,000 and the unemployment rate to increase to 2.9 percent. The national unemployment rate remained unchanged over the same period at 3.9 percent.

Over the year, the average workweek for all employees on private nonfarm payrolls increased from 33.8 to 33.9 hours and average hourly earnings increased from $27.46 to $28.89.

The largest over the month private sector job gains were in other services, leisure and hospitality, and construction. The largest over the month declines were in financial activities and education and health services.

Over the year, nonfarm payroll jobs increased 72,200, with an increase of 66,300 in the private sector and an increase of 5,900 in government. The largest private sector job gains were in professional and business services, leisure and hospitality, and trade, transportation, and utilities. There were no significant over the year declines.

Over the year, the unemployment rate is unchanged at 2.9 percent. The number of Coloradans participating in the labor force increased 78,100, total employment increased 75,800 and the number of unemployed increased 2,300. The national unemployment rate declined from 4.4 percent in August 2017 to 3.9 percent in August 2018.

LABOR FORCE SUMMARY

COLORADO

Preliminary Estimates for August 2018  (in thousands)

   

       

     

LABOR FORCE DATA

SEASONALLY ADJUSTED:                                   

 

 

Change from last:

 

Aug-18

Jul-18

Aug-17

Month

Year

Total Civilian Labor Force

3,090.8

3,084.9

3,012.7

5.9

78.1

Unemployment     

90.5

85.5

88.2

5.0

2.3

     Unemployment Rate (%)

2.9

2.8

2.9

0.1

0.0

 Employment

3,000.2

2,999.4

2,924.5

0.9

75.8

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

 

 

Change from last:

 

Aug-18

Jul-18

Aug-17

Month

Year

Total Civilian Labor Force

3,101.4

3,126.1

3,018.2

-24.7

83.2

Unemployment 

106.1

95.3

83.7

10.8

22.4

     Unemployment Rate (%)

3.4

3.0

2.8

0.4

0.6

 Employment 

2,995.3

3,030.8

2,934.5

-35.5

60.8

           

WAGE AND SALARY EMPLOYMENT DATA

SEASONALLY ADJUSTED:

 

 

 

Change from last:

 

Aug-18

Jul-18

Aug-17

Month

Year

Mining & Logging

30.4

29.9

26.4

0.5

4.0

Construction

171.7

170.3

163.8

1.4

7.9

Manufacturing

146.4

147.3

144.2

-0.9

2.2

Trade, Transportation, & Utilities

469.8

470.7

461.8

-0.9

8.0

Information

75.0

73.8

71.1

1.2

3.9

Financial Activities

167.6

170.8

168.1

-3.2

-0.5

Professional & Business Services

432.8

432.5

413.5

0.3

19.3

Educational & Health Services

338.7

340.4

334.7

-1.7

4.0

Leisure & Hospitality

351.3

349.8

332.9

1.5

18.4

Other Services

107.9

106.1

108.8

1.8

-0.9

Government

448.9

447.4

443.0

1.5

5.9

TOTAL NONAG

2,740.5

2,739.0

2,668.3

1.5

72.2

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

   

Change from last:

 

Aug-18

Jul-18

Aug-17

Month

Year

Mining & Logging

30.6

30.1

26.5

0.5

4.1

Construction

176.2

175.1

168.8

1.1

7.4

Manufacturing

147.2

148.4

145.2

-1.2

2.0

Trade, Transportation, & Utilities

471.8

475.1

462.8

-3.3

9.0

Information

76.0

74.7

71.6

1.3

4.4

Financial Activities

169.1

172.8

168.9

-3.7

0.2

Professional & Business Services

438.2

438.5

420.1

-0.3

18.1

Educational & Health Services

335.4

338.4

333.8

-3.0

1.6

Leisure & Hospitality

364.9

367.5

346.6

-2.6

18.3

Other Services

109.2

107.2

110.2

2.0

-1.0

Government

431.3

424.9

422.3

6.4

9.0

TOTAL NONAG

2,749.9

2,752.7

2,676.8

-2.8

73.1

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

Not Seasonally Adjusted Labor Force

 

August 2018

           

Labor Force

 Employment 

 Unemployment 

Rate

Colorado

3,101,394

2,995,300

106,094

3.4

Counties

 

 

 

 

Adams

270,541

260,907

9,634

3.6

Alamosa 

8,337

7,978

359

4.3

Arapahoe 

364,185

351,842

12,343

3.4

Archuleta 

6,995

6,765

230

3.3

Baca 

2,232

2,188

44

2.0

Bent 

1,969

1,907

62

3.1

Boulder

191,730

185,716

6,014

3.1

Broomfield

39,287

38,055

1,232

3.1

Chaffee

10,162

9,895

267

2.6

Cheyenne 

1,164

1,142

22

1.9

Clear Creek 

6,080

5,874

206

3.4

Conejos

3,987

3,800

187

4.7

Costilla 

1,936

1,842

94

4.9

Crowley 

1,499

1,426

73

4.9

Custer 

2,094

2,019

75

3.6

Delta 

15,082

14,510

572

3.8

Denver 

411,364

397,738

13,626

3.3

Dolores 

1,200

1,170

30

2.5

Douglas 

190,138

184,199

5,939

3.1

Eagle

35,856

34,956

900

2.5

El Paso 

342,734

328,777

13,957

4.1

Elbert 

14,913

14,460

453

3.0

Fremont

15,610

14,779

831

5.3

Garfield

32,341

31,345

996

3.1

Gilpin 

3,735

3,630

105

2.8

Grand 

10,404

10,150

254

2.4

Gunnison 

11,400

11,122

278

2.4

Hinsdale 

558

545

13

2.3

Huerfano 

2,730

2,560

170

6.2

Jackson 

1,097

1,070

27

2.5

Jefferson

337,226

326,387

10,839

3.2

Kiowa 

960

938

22

2.3

Kit Carson 

4,639

4,528

111

2.4

La Plata

32,872

31,853

1,019

3.1

Lake 

4,812

4,679

133

2.8

Larimer

203,186

197,091

6,095

3.0

Las Animas 

6,488

6,166

322

5.0

Lincoln 

2,556

2,488

68

2.7

Logan

11,257

10,897

360

3.2

Mesa

75,669

72,647

3,022

4.0

Mineral 

543

527

16

2.9

Moffat

7,537

7,291

246

3.3

Montezuma 

13,498

12,939

559

4.1

Montrose

21,898

21,129

769

3.5

Morgan

16,282

15,721

561

3.4

Otero 

8,590

8,137

453

5.3

Ouray 

2,685

2,601

84

3.1

Park 

10,546

10,238

308

2.9

Phillips 

2,707

2,648

59

2.2

Pitkin

11,208

10,865

343

3.1

Prowers 

6,325

6,093

232

3.7

Pueblo

74,674

70,879

3,795

5.1

Rio Blanco 

3,005

2,865

140

4.7

Rio Grande

5,759

5,468

291

5.1

Routt

16,326

15,886

440

2.7

Saguache

3,655

3,433

222

6.1

San Juan 

604

591

13

2.2

San Miguel 

5,608

5,467

141

2.5

Sedgwick 

1,295

1,260

35

2.7

Summit

21,376

20,882

494

2.3

Teller 

12,758

12,263

495

3.9

Washington 

3,139

3,056

83

2.6

Weld

164,399

159,208

5,191

3.2

Yuma 

5,952

5,812

140

2.4