Colorado Unemployment Steady at 3 Percent

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Published Friday, April 20, 2018

Employers in Colorado added 5,400 nonfarm payroll jobs from February to March for a total of 2,707,800 jobs, according to the survey of business establishments. Private sector payroll jobs increased 4,300 and government increased 1,100.
According to the survey of households, the unemployment rate was unchanged from February to March at 3.0 percent. The number of people actively participating in the labor force increased 7,400 over the month to 3,049,300 and the number of people reporting themselves as employed increased 9,200 to 2,958,700, causing the number of unemployed to decrease 1,900. However, due to rounding, the unemployment rate was unchanged from February at 3.0 percent. The U.S. unemployment rate was also unchanged in March at 4.1 percent.
 Over the year, the average workweek for all employees on private nonfarm payrolls increased from 32.9 to 33.4 hours and average hourly earnings increased from $27.26 to $28.38.
The largest over the month private sector job gains were in trade, transportation, and utilities. There were no significant private sector over the month declines.
Over the year, nonfarm payroll jobs increased 62,200, with an increase of 58,200 in the private sector and an increase of 4,000 in government. The largest private sector job gains were in trade, transportation, and utilities, leisure and hospitality, and construction. There were no significant private sector over the year declines.
Over the year, the unemployment rate is up four-tenths of a percentage point from 2.6 percent. The number of Coloradans participating in the labor force increased 96,300, total employment increased 82,700 and the number of unemployed increased 13,600. The national unemployment rate declined from 4.5 percent in March 2017 to 4.1 percent in March 2018.

LABOR FORCE SUMMARY

COLORADO

Preliminary Estimates for March 2018  (in thousands)

   

       

     

LABOR FORCE DATA

SEASONALLY ADJUSTED:                                   

 

 

Change from last:

 

Mar-18

Feb-18

Mar-17

Month

Year

Total Civilian Labor Force

3,049.3

3,042.0

2,953.0

7.4

96.3

Unemployment     

90.6

92.5

77.1

-1.9

13.6

     Unemployment Rate (%)

3.0

3.0

2.6

0.0

0.4

 Employment

2,958.7

2,949.5

2,876.0

9.2

82.7

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

 

 

Change from last:

 

Mar-18

Feb-18

Mar-17

Month

Year

Total Civilian Labor Force

3,060.6

3,059.6

2,948.9

1.1

111.7

Unemployment 

89.7

101.7

83.0

-12.0

6.7

     Unemployment Rate (%)

2.9

3.3

2.8

-0.4

0.1

 Employment 

2,971.0

2,957.9

2,866.0

13.1

105.0

           

WAGE AND SALARY EMPLOYMENT DATA

SEASONALLY ADJUSTED:

 

 

 

Change from last:

 

Mar-18

Feb-18

Mar-17

Month

Year

Mining & Logging

28.1

28.0

24.6

0.1

3.5

Construction

172.9

172.7

162.0

0.2

10.9

Manufacturing

145.6

145.6

143.8

0.0

1.8

Trade, Transportation, & Utilities

470.7

468.2

459.1

2.5

11.6

Information

74.6

74.3

71.5

0.3

3.1

Financial Activities

168.2

168.5

166.8

-0.3

1.4

Professional & Business Services

420.1

419.3

410.7

0.8

9.4

Educational & Health Services

337.9

337.8

332.1

0.1

5.8

Leisure & Hospitality

341.0

340.7

330.0

0.3

11.0

Other Services

108.3

108.0

108.6

0.3

-0.3

Government

440.4

439.3

436.4

1.1

4.0

TOTAL NONAG

2,707.8

2,702.4

2,645.6

5.4

62.2

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

 

 

 

 

 

UNADJUSTED FOR SEASONALITY:

 

   

Change from last:

 

Mar-18

Feb-18

Mar-17

Month

Year

Mining & Logging

28.1

27.9

24.4

0.2

3.7

Construction

167.1

164.6

156.7

2.5

10.4

Manufacturing

145.1

144.9

143.0

0.2

2.1

Trade, Transportation, & Utilities

465.8

462.3

453.4

3.5

12.4

Information

74.3

73.9

71.4

0.4

2.9

Financial Activities

168.3

168.2

166.5

0.1

1.8

Professional & Business Services

413.2

413.6

403.2

-0.4

10.0

Educational & Health Services

337.6

338.5

332.2

-0.9

5.4

Leisure & Hospitality

344.2

339.2

330.3

5.0

13.9

Other Services

107.9

107.0

108.1

0.9

-0.2

Government

447.1

442.7

442.3

4.4

4.8

TOTAL NONAG

2,698.7

2,682.8

2,631.5

15.9

67.2

Labor Disputants

0.0

0.0

0.0

0.0

0.0

 

 

Not Seasonally Adjusted Labor Force

 

March 2018

           

Labor Force

 Employment 

 Unemployment 

Rate

Colorado

3,060,622

2,970,953

89,669

2.9

 

 

 

 

 

Counties

 

 

 

 

Adams

266,642

258,148

8,494

3.2

Alamosa 

8,236

7,925

311

3.8

Arapahoe 

358,935

348,770

10,165

2.8

Archuleta 

6,462

6,238

224

3.5

Baca 

1,993

1,960

33

1.7

Bent 

1,873

1,815

58

3.1

Boulder

192,319

187,440

4,879

2.5

Broomfield

38,704

37,714

990

2.6

Chaffee

9,401

9,168

233

2.5

Cheyenne 

1,115

1,096

19

1.7

Clear Creek 

5,975

5,818

157

2.6

Conejos

3,871

3,701

170

4.4

Costilla 

1,861

1,795

66

3.5

Crowley 

1,476

1,416

60

4.1

Custer 

1,948

1,879

69

3.5

Delta 

14,195

13,609

586

4.1

Denver 

405,680

394,227

11,453

2.8

Dolores 

1,110

1,080

30

2.7

Douglas 

187,191

182,536

4,655

2.5

Eagle

38,155

37,363

792

2.1

El Paso 

335,725

324,123

11,602

3.5

Elbert 

14,533

14,148

385

2.6

Fremont

15,202

14,502

700

4.6

Garfield

33,332

32,314

1,018

3.1

Gilpin 

3,672

3,597

75

2.0

Grand 

10,499

10,248

251

2.4

Gunnison 

11,505

11,255

250

2.2

Hinsdale 

468

457

11

2.4

Huerfano 

2,560

2,397

163

6.4

Jackson 

926

899

27

2.9

Jefferson

332,302

323,430

8,872

2.7

Kiowa 

930

915

15

1.6

Kit Carson 

4,445

4,351

94

2.1

La Plata

31,381

30,472

909

2.9

Lake 

5,106

4,999

107

2.1

Larimer

198,385

193,384

5,001

2.5

Las Animas 

6,339

6,057

282

4.4

Lincoln 

2,396

2,346

50

2.1

Logan

11,177

10,887

290

2.6

Mesa

74,999

72,006

2,993

4.0

Mineral 

426

414

12

2.8

Moffat

7,492

7,202

290

3.9

Montezuma 

12,893

12,230

663

5.1

Montrose

21,272

20,431

841

4.0

Morgan

15,849

15,437

412

2.6

Otero 

8,340

7,967

373

4.5

Ouray 

2,213

2,136

77

3.5

Park 

10,377

10,114

263

2.5

Phillips 

2,418

2,372

46

1.9

Pitkin

11,479

11,229

250

2.2

Prowers 

6,139

5,963

176

2.9

Pueblo

74,856

71,526

3,330

4.4

Rio Blanco 

2,807

2,693

114

4.1

Rio Grande

5,323

5,052

271

5.1

Routt

16,725

16,349

376

2.2

Saguache

3,306

3,185

121

3.7

San Juan 

513

493

20

3.9

San Miguel 

6,058

5,948

110

1.8

Sedgwick 

1,167

1,139

28

2.4

Summit

25,372

24,979

393

1.5

Teller 

12,517

12,111

406

3.2

Washington 

3,001

2,930

71

2.4

Weld

161,576

157,196

4,380

2.7

Yuma 

5,476

5,373

103

1.9