Monday, August 19, 2013

Colorado unemployment rate inches up, but remains below national rate

Colorado 's unemployment rate remained below the national unemployment rate for the fourteenth month in a row in July, dropping to 7.1 percent in Colorado compared to 7.4 percent for the nation overall. (These are seasonally adjusted numbers.)

Colorado's seasonally-adjusted unemployment rate was down year over year in July, dropping from 8.1 percent during July 2012 to 7.1 percent during July 2013.

The national unemployment rate also fell at the national level, year over year, with a drop from 8.2 percent during July 2012 to 7.4 percent during July 2013.

Year over year, unemployment declined farther in Colorado than in the nation overall. However, the seasonally-adjusted unemployment rate increased for the second month in a row during July, while the national unemployment declined from June's rate of 7.6 percent. 

The graph shows a comparison between the two rates since 2006 through July 2013:

See here for the employment article archive.