Colorado gained 1,642 jobs in April 2012 compared to April of 2011, and the non-seasonally-adjusted unemployment rate fell year-over-year from 8.1 percent to 8.0 percent. According to the most recent employment data, collected through the Household Survey and released today by the Colorado Department of Labor and Employment and the BLS, total employment in April, not seasonally adjusted, rose to 2.48 million jobs. The labor force also increased from April 2011 to April 2012.
month-to-month comparisons, the unemployment rate fell from 8.2
percent during March 2012 to 8.0 percent during April. 11,528 jobs were lost month-over-month
while 20,200 people left the work force over the same period.
From April 2011 to April 2012, total employment was nearly flat and rose 0.06 percent while the
labor force fell 0.06 percent. The total labor force in April included
2.70 million workers.
As can be seen in the second
graph, total employment and total workforce size have fallen,
month-over-month, after rising for the previous two months. Year over year, employment rose and the labor force fell, driving down the unemployment rate.
However, both remain well below July 2008 peaks.
employment total is now 147,000 jobs below the peak levels experienced
during July 2008 when there were 2.63 million employed workers. Compared
to the labor force peak in July 2008, the labor force is now down by 67,000 workers.
In the third graph is shown the
year-over-year comparisons, by percent, for total employment. April
2012 was the 16th month in a row showing a positive year-over-year
change in total employment, although April showed the smallest increase in employment of any month during that period, by far. The 15 months of increases followed 28
months in a row of negative job growth in year-over-year comparisons.
graph also shows the year-over-change in the labor force. Total labor
force size fell slightly from April 2011 to April 2012 and follows 15 months of year over year increases in the labor force. The labor force size had shrunk, year over year,
for 18 months in a row from July 2009 to December 2010.
numbers come from the Household Survey employment data, so the size of
the workforce is dependent on the number of people stating that they are
actively looking for work if not employed. Discouraged workers who have
stopped looking for work are excluded. On the other hand, the Household
Survey picks up on small business and start-up employment that may be
missed by the Establishment Survey, the other commonly-used measure of
Note: This analysis reflects newly revised
data released in January. In most cases, total employment was revised
upward for the months of 2011.