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Colorado unemployment increases to 3.2 percent in October

Employers in Colorado added 4,800 nonfarm payroll jobs from September to October for a total of 2,747,100 jobs, according to the survey of business establishments. Private sector payroll jobs increased 6,100 and government decreased 1,300. September estimates were revised down to 2,742,300, and the over the month change from August to September was a decrease of 700 rather than the originally estimated increase of 5,100.

According to the survey of households, the unemployment rate increased one-tenth of a percentage point from September to October to 3.2 percent. The number of people actively participating in the labor force increased 5,500 over the month to 3,101,200 and the number of people reporting themselves as employed increased 1,800 to 3,003,000. The larger increase in the labor force than in total employment caused the number of unemployed to increase 3,700 and the unemployment rate to increase to 3.2 percent. The national unemployment rate remained unchanged over the same period at 3.7 percent.

Over the year, the average workweek for all employees on private nonfarm payrolls decreased from 33.9 to 33.4 hours and average hourly earnings increased from $27.95 to $29.22.

The largest over the month private sector job gains were in professional and business services, leisure and hospitality and trade, transportation, and utilities. There were no significant private sector over the month declines.

Over the year, nonfarm payroll jobs increased 72,000, with an increase of 62,300 in the private sector and an increase of 9,700 in government. The largest private sector job gains were in professional and business services, leisure and hospitality, and trade, transportation, and utilities. Other services declined over the year.

Over the year, the unemployment rate is up two-tenths of a percentage point from 3.0 percent. The number of Coloradans participating in the labor force increased 70,100, total employment increased 64,200 and the number of unemployed increased 5,900. The national unemployment rate declined from 4.1 percent in October 2017 to 3.7 percent in October 2018.

LABOR FORCE SUMMARY

COLORADO

Preliminary Estimates for October 2018

  

       

   

LABOR FORCE DATA

SEASONALLY ADJUSTED:                                   

 

 

Change from last:

 

Oct-18

Sep-18

Oct-17

Month

Year

Total Civilian Labor Force

3,101.2

3,095.7

3,031.1

5.5

70.1

Unemployment     

98.2

94.5

92.3

3.7

5.9

     Unemployment Rate (%)

3.2

3.1

3.0

0.1

0.2

 Employment

3,003.0

3,001.2

2,938.8

1.8

64.2

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

 

 

Change from last:

 

Oct-18

Sep-18

Oct-17

Month

Year

Total Civilian Labor Force

3,118.9

3,112.3

3,034.1

6.6

84.9

Unemployment 

96.4

95.9

83.8

0.5

12.7

     Unemployment Rate (%)

3.1

3.1

2.8

0.0

0.3

 Employment 

3,022.5

3,016.4

2,950.3

6.1

72.2

      

WAGE AND SALARY EMPLOYMENT DATA

SEASONALLY ADJUSTED:

 

 

 

Change from last:

 

Oct-18

Sep-18

Oct-17

Month

Year

Mining & Logging

31.2

31.2

26.7

0.0

4.5

Construction

171.5

171.7

164.5

-0.2

7.0

Manufacturing

147.7

147.5

142.9

0.2

4.8

Trade, Transportation, & Utilities

471.8

470.8

462.7

1.0

9.1

Information

74.8

75.5

72.6

-0.7

2.2

Financial Activities

168.9

169.2

168.3

-0.3

0.6

Professional & Business Services

435.1

431.3

417.3

3.8

17.8

Educational & Health Services

340.4

340.1

334.4

0.3

6.0

Leisure & Hospitality

350.7

349.4

339.5

1.3

11.2

Other Services

108.6

107.9

109.5

0.7

-0.9

Government

446.4

447.7

436.7

-1.3

9.7

TOTAL NONAG

2,747.1

2,742.3

2,675.1

4.8

72.0

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

  

Change from last:

 

Oct-18

Sep-18

Oct-17

Month

Year

Mining & Logging

31.4

31.2

26.9

0.2

4.5

Construction

175.4

175.9

169.1

-0.5

6.3

Manufacturing

148.0

147.4

143.5

0.6

4.5

Trade, Transportation, & Utilities

470.6

468.7

461.5

1.9

9.1

Information

75.1

75.7

72.8

-0.6

2.3

Financial Activities

168.2

169.3

167.7

-1.1

0.5

Professional & Business Services

440.6

434.7

422.3

5.9

18.3

Educational & Health Services

342.7

339.2

336.4

3.5

6.3

Leisure & Hospitality

338.1

346.7

327.4

-8.6

10.7

Other Services

109.3

107.9

109.9

1.4

-0.6

Government

454.6

450.4

445.5

4.2

9.1

TOTAL NONAG

2,754.0

2,747.1

2,683.0

6.9

71.0

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

Not Seasonally Adjusted Labor Force

 

October 2018

           

Labor Force

 Employment 

 Unemployment 

Rate

Colorado

3,118,902

3,022,477

96,425

3.1

Counties

 

 

 

 

Adams

271,612

262,852

8,760

3.2

Alamosa 

8,722

8,405

317

3.6

Arapahoe 

365,311

354,046

11,265

3.1

Archuleta 

6,860

6,639

221

3.2

Baca 

2,268

2,226

42

1.9

Bent 

2,048

1,990

58

2.8

Boulder

195,698

190,312

5,386

2.8

Broomfield

39,432

38,318

1,114

2.8

Chaffee

9,276

9,038

238

2.6

Cheyenne 

1,227

1,206

21

1.7

Clear Creek 

6,080

5,912

168

2.8

Conejos

4,169

4,017

152

3.6

Costilla 

1,945

1,865

80

4.1

Crowley 

1,534

1,478

56

3.7

Custer 

2,074

2,006

68

3.3

Delta 

15,341

14,823

518

3.4

Denver 

412,638

400,266

12,372

3.0

Dolores 

1,251

1,222

29

2.3

Douglas 

190,692

185,409

5,283

2.8

Eagle

33,963

32,995

968

2.9

El Paso 

349,374

336,790

12,584

3.6

Elbert 

15,028

14,631

397

2.6

Fremont

15,264

14,482

782

5.1

Garfield

30,833

29,916

917

3.0

Gilpin 

3,742

3,651

91

2.4

Grand 

9,118

8,877

241

2.6

Gunnison 

10,733

10,465

268

2.5

Hinsdale 

436

425

11

2.5

Huerfano 

2,700

2,553

147

5.4

Jackson 

1,106

1,080

26

2.4

Jefferson

338,214

328,430

9,784

2.9

Kiowa 

967

949

18

1.9

Kit Carson 

4,734

4,637

97

2.0

La Plata

32,785

31,896

889

2.7

Lake 

4,703

4,561

142

3.0

Larimer

205,656

200,144

5,512

2.7

Las Animas 

6,812

6,523

289

4.2

Lincoln 

2,585

2,518

67

2.6

Logan

11,320

11,006

314

2.8

Mesa

76,860

74,110

2,750

3.6

Mineral 

420

409

11

2.6

Moffat

7,460

7,227

233

3.1

Montezuma 

13,537

12,993

544

4.0

Montrose

22,076

21,368

708

3.2

Morgan

16,742

16,286

456

2.7

Otero 

8,834

8,445

389

4.4

Ouray 

2,473

2,396

77

3.1

Park 

10,592

10,300

292

2.8

Phillips 

2,762

2,706

56

2.0

Pitkin

10,862

10,351

511

4.7

Prowers 

6,509

6,297

212

3.3

Pueblo

76,113

72,612

3,501

4.6

Rio Blanco 

2,969

2,839

130

4.4

Rio Grande

5,766

5,545

221

3.8

Routt

15,364

14,928

436

2.8

Saguache

3,827

3,683

144

3.8

San Juan 

501

489

12

2.4

San Miguel 

5,107

4,945

162

3.2

Sedgwick 

1,311

1,275

36

2.7

Summit

20,153

19,638

515

2.6

Teller 

12,962

12,529

433

3.3

Washington 

3,272

3,199

73

2.2

Weld

168,082

163,384

4,698

2.8

Yuma 

6,097

5,967

130

2.1