Thursday, March 21, 2013

Colorado unemployment rate continues to fall below national rate

Colorado 's unemployment rate dipped further below the national unemployment rate in January, dropping to 7.3 percent in Colorado compared to 7.7 percent for the nation overall. (These are seasonally adjusted numbers.)

The seasonally-adjusted unemployment rate for Colorado during December was 7.5 percent, and it was 7.8 percent for the nation.

According to the most recent BLS press release on state unemployment:
California and Rhode Island recorded the highest unemployment rates among the states in January, 9.8 percent each. North Dakota again registered the lowest jobless rate, 3.3 percent. In total, 24 states reported jobless rates significantly lower than the U.S. figure of 7.9 percent, 9states had measurably higher rates, and 17 states and the District of Columbia had rates that were not appreciably different from that of the nation. 
Colorado's seasonally-adjusted unemployment rate was down year over year in January, dropping year over year from 8.3 percent during January 2012 to 7.3 percent during January 2013.

The national unemployment rate fell fell slightly at the national level, year over year, with a drop from 8.3 percent during January 2012 to 7.9 percent during January 2013.

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

See here for metro area unemployment info in Colorado.