Unemployment Holds at 3 Percent in Colorado

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Published Sunday, March 18, 2018

Employers in Colorado added 7,100 nonfarm payroll jobs from December to January for a total of 2,693,900 jobs, according to the survey of business establishments. Private sector payroll jobs increased 7,300 and government decreased 200.

According to the survey of households, the unemployment rate was unchanged from December to January at 3.0 percent. The number of people actively participating in the labor force increased 4,500 to 3,034,300 and total employment increased 4,000 to 2,942,000, causing the number of unemployed to increase 500. Due to rounding, the unemployment rate was unchanged from December at 3.0 percent. The national unemployment rate was unchanged over the same period at 4.1 percent.

Over the year, the average workweek for all employees on private nonfarm payrolls increased from 33.1 to 33.2 hours and average hourly earnings increased from $27.42 to $28.24. 

The largest over the month private sector job gains were in trade, transportation, and utilities, education and health services, and construction.

Over the year, nonfarm payroll jobs increased 67,400 with an increase of 57,300 in the private sector and an increase of 10,100 in government. The largest private sector job gains were in leisure and hospitality, construction, and professional and business services. 

The annual growth rate of Colorado nonfarm payroll jobs was 2.2 percent in 2017, revised up from the previously published 1.9 percent. The U.S. annual payroll jobs growth rate in 2017 was 1.6 percent.

Over the year, the unemployment rate is up two-tenths of a percentage point from 2.8 percent. The number of Coloradans participating in the labor force increased 97,400, total employment increased 86,000 and the number of unemployed increased 11,300. The national unemployment rate declined from 4.8 percent in January 2017 to 4.1 percent in January 2018.

The annual unemployment rate for Colorado was 2.8 percent in 2017, revised up from the previously published 2.6 percent. This matches the lowest annual rate of unemployment for the state established in 2000. The U.S. unemployment rate in 2017 was 4.4 percent.

A Colorado record low monthly unemployment of 2.6 percent occurred from March to May 2017. The prior record low rate of 2.7 percent was in 2000.

Not Seasonally Adjusted Labor Force

 

January 2018

           

Labor Force

 Employment 

 Unemployment 

Rate

Colorado

3,016,296

2,915,322

100,974

3.3

Counties

 

 

 

 

Adams

263,403

253,842

9,561

3.6

Alamosa 

8,247

7,904

343

4.2

Arapahoe 

353,683

342,192

11,491

3.2

Archuleta 

6,416

6,180

236

3.7

Baca 

2,135

2,098

37

1.7

Bent 

1,945

1,872

73

3.8

Boulder

185,996

180,681

5,315

2.9

Broomfield

38,150

37,036

1,114

2.9

Chaffee

9,137

8,876

261

2.9

Cheyenne 

1,166

1,144

22

1.9

Clear Creek 

5,889

5,710

179

3.0

Conejos

3,944

3,756

188

4.8

Costilla 

1,852

1,772

80

4.3

Crowley 

1,454

1,403

51

3.5

Custer 

1,932

1,854

78

4.0

Delta 

14,185

13,506

679

4.8

Denver 

399,953

386,852

13,101

3.3

Dolores 

1,159

1,122

37

3.2

Douglas 

184,284

179,181

5,103

2.8

Eagle

38,115

37,215

900

2.4

El Paso 

328,219

315,405

12,814

3.9

Elbert 

14,477

14,050

427

2.9

Fremont

14,877

14,080

797

5.4

Garfield

32,785

31,614

1,171

3.6

Gilpin 

3,611

3,527

84

2.3

Grand 

10,573

10,302

271

2.6

Gunnison 

11,096

10,831

265

2.4

Hinsdale 

459

446

13

2.8

Huerfano 

2,587

2,394

193

7.5

Jackson 

976

954

22

2.3

Jefferson

327,391

317,372

10,019

3.1

Kiowa 

969

951

18

1.9

Kit Carson 

4,568

4,472

96

2.1

La Plata

31,426

30,444

982

3.1

Lake 

5,034

4,922

112

2.2

Larimer

194,564

188,863

5,701

2.9

Las Animas 

6,321

6,012

309

4.9

Lincoln 

2,428

2,364

64

2.6

Logan

11,198

10,882

316

2.8

Mesa

74,198

70,653

3,545

4.8

Mineral 

414

404

10

2.4

Moffat

7,485

7,163

322

4.3

Montezuma 

12,786

12,003

783

6.1

Montrose

21,051

20,170

881

4.2

Morgan

16,074

15,613

461

2.9

Otero 

8,437

7,986

451

5.3

Ouray 

2,237

2,154

83

3.7

Park 

10,259

9,934

325

3.2

Phillips 

2,574

2,528

46

1.8

Pitkin

11,237

10,939

298

2.7

Prowers 

6,242

6,065

177

2.8

Pueblo

74,712

70,879

3,833

5.1

Rio Blanco 

2,742

2,618

124

4.5

Rio Grande

5,483

5,169

314

5.7

Routt

16,873

16,471

402

2.4

Saguache

3,424

3,250

174

5.1

San Juan 

504

490

14

2.8

San Miguel 

5,986

5,868

118

2.0

Sedgwick 

1,210

1,177

33

2.7

Summit

25,105

24,657

448

1.8

Teller 

12,205

11,749

456

3.7

Washington 

3,133

3,061

72

2.3

Weld

159,542

154,569

4,973

3.1

Yuma 

5,784

5,672

112

1.9