Colorado jobless rate down slightly to 7.4 percent | VailDaily.com

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.

Support Local Journalism

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.


Support Local Journalism

Readers around Vail, Beaver Creek and Eagle Valley make the Vail Daily’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

 


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.