Colorado jobless rate down slightly to 7.4 percent
DENVER, Colorado ” State labor officials say the seasonally adjusted unemployment rate in Colorado slipped a tenth of a percentage point to 7.4 percent in April, the first drop since October 2007.
But Colorado Department of Labor and Employment Executive Director Donald Mares said Friday he expects continued job losses to push the rate up in coming months.
One year ago, Colorado’s jobless rate was 4.7 percent.
The national unemployment rate was 8.9 percent in April.
Labor officials say an estimated 2.5 million Coloradans were employed in April, down 62,900 from a year earlier. About 201,300 were looking for work, up 74,000 from April 2008.
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Are we seeing more bears because there are more bears on the valley floor, or because we’re all spending more time at home? It could be a bit of both.