Monday, December 31, 2012

Colorado umemployment rate equal to national rate during November

Colorado now has essentially the same unemployment rate as the nation overall, and this has been the case for the past eight months.

The seasonally-adjusted unemployment rate for Colorado during November was 7.7 percent, and it was also 7.7 percent for the nation.

According to the most recent BLS press release on state unemployment:

Nevada continued to record the highest unemployment rate among the states, 10.8 percent in November,  followed by Rhode Island at 10.4 percent. North Dakota again registered the lowest jobless rate, 3.1  percent. In total, 25 states reported jobless rates significantly lower than the U.S. figure of 7.7 percent, 9  states had measurably higher rates, and 16 states and the District of Columbia had rates that were not  appreciably different from that of the nation. (See tables A and 3 and chart 1.)
Colorado's seasonally-adjusted unemployment rate was down slightly in November, dropping year over year from 8.0 percent during November 2011 to 7.0 percent during November 2012. The Colorado rate fell from October to November this year, dropping from 7.9 to 7.7 percent.

The national unemployment rate fell by much more than it did in Colorado, falling from 8.7 percent to 7.7 percent from November 2011 to November 2012. The rate fell from October to November, falling from 7.9  to 7.7 percent.

The graph shows a comparison between the two rates since 2006:

See here for metro area unemployment info in Colorado.