Colorado unemployment up slightly to 7.6 percent
DENVER, Colorado – Colorado’s unemployment has risen slightly, cutting short a downward trend that some pointed to as hope for a recovery.
State labor officials said Friday that Colorado’s seasonally adjusted rate was 7.6 percent in May, up from 7.4 percent in April. In May of last year, Colorado’s unemployment rate was 4.7 percent.
April’s rate was the first monthly decline in unemployment since 2007.
Officials say Colorado is still better off than much of the country. The national unemployment rate reported Friday was 9.4 percent, with eight states setting record highs and only two showing declines.
The West region’s unemployment rate climbed above 10 percent, the first time the regional threshold has been broken in about 25 years.
The Vail Valley’s real estate market has long been an unusual one, with very expensive sales accounting for a large share of the market’s dollar volume. That means a few sales can have a large impact on volume.