Saturday, February 8, 2014

Colorado unemployment rate remains below national rate

The Colorado unemployment rate remained below the national rate in December. The seasonally-adjusted unemployment rate in Colorado was 6.2 percent in Colorado, and it was 6.7 percent in the US. The first graph shows that Colorado's unemployment rate has generally been below the national rate since 2006:

However, declines in the size of the labor force have helped to push down the unemployment rate both nationally and in Colorado. Employment growth in Colorado, fuelled primarily by job growth in northern Colorado and metro Denver have helped to keep the Colorado rate below the national rate.