Colorado unemployment rises to 5.4 percent |

Colorado unemployment rises to 5.4 percent

DENVER, Colorado ” State officials say Colorado’s unemployment rate rose for the fourth straight month in August and now stands at 5.4 percent.

The state Department of Labor and Employment said Friday the August rate rose two-tenths of a percentage point.

Seasonally adjusted figures show the number of Coloradans with jobs fell by 21,500 to just under 2.6 million in August. It’s the largest one-month decline since 1976.

The state labor department says 147,300 Coloradans who were looking for jobs in August couldn’t find them. That’s 2,700 more than the previous month.

A year ago, the number of unemployed Coloradans was 104,400.

The nationwide unemployment rate was 6.1 percent in August, the highest level in five years.

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