Colorado jobless rate falls to 7.3 percent in August
DENVER, Colorado – Colorado’s work force showed signs of stabilizing as the August unemployment rate dipped one-half of a percentage point, although the number of jobs still lagged year-ago totals, economists said Friday.
The August jobless rate of 7.3 percent compared with 7.8 percent in July and 4.9 percent in August 2008, the Colorado Department of Labor and Employment said.
The state’s employment data was mixed in two monthly surveys, the state said.
A survey of households concluded 2.49 million people were employed, an increase of 4,900 from July but less than 2.6 million a year ago. Yet, a survey of businesses showed the number of jobs fell 5,300 last month to 2.25 million, and there were 2.36 million jobs a year ago.
Donald J. Mares, the department’s executive director, said the results were an improvement but warned the market likely will experience some ups and downs over the next several months.
Every industry sector reported job losses in a year-over-year basis with the exception of two, according to the department’s seasonally adjusted figures.
The government sector reported a 6,000 increase in jobs as teachers returned to classrooms, and educational and health services rose by 6,200.
The most jobs lost came in professional and businesses services, down 30,200 from August 2008, the department said.