Wednesday, April 6, 2011

Most Colorado metro unemployment rates above national average

The BLS today released its report on unemployment in 372 metro areas in the US. The data for Colorado is not different from the statewide report already released by the Colorado Department of Labor and Employment. The chart with local unemployment rates is found here.

Nevertheless, the report does provide some comparisons with other metro areas in the nation. The map on the last page shows that most of Colorado's metro areas, with the exceptions of areas in Boulder and Larimer Counties, have unemployment rates above the national unemployment rate of 9.5:

As we noted earlier, the fact that Colorado is now falling behind the nation in the employment situation may pull down the overall demand for real estate in Colorado as workers look elsewhere for employment.

This data also suggests that demand for housing in the Ft Collins-Loveland area and the Boulder area will continue to be relatively strong.