Colorado Reports Record-Low Unemployment Rate
Colorado is definitely the place to be if you are seeking out new employment and job security. For that matter, this past month (May 2017) Colorado has proven to have a record-low unemployment rate.
According to the survey of households, the unemployment rate was unchanged from April to May at 2.3 percent. The number of people actively participating in the labor force increased 14,200 over the month to 2,959,700 and the number of people reporting themselves as employed increased 15,100 to 2,892,300, causing the number of unemployed to decrease 900. Due to rounding, the unemployment rate was unchanged from April at 2.3 percent. The national unemployment rate decreased one-tenth of a percentage point in May to 4.3 percent.
The largest over the month private sector job gains were in trade, transportation, and utilities, education and health services, and leisure and hospitality. The largest over the month declines were in professional and business services, and manufacturing.
Check out the differences in Colorado versus the rest of the United States in labor and unemployment statistics:
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