Colorado's economy appears to have had a good month in September with fewer people unemployed and more people joining the workforce, the state reports today.
The state’s unemployment rate in September dipped two-tenths of a percentage point to 3.6 percent, a slight change from August when the rate was 3.8 percent but unchanged from one year ago. And that means the state’s economy is still outperforming the nation, which posted a 5 percent overall unemployment rate in September.
The jobs scene in Colorado breaks down like this: the total nonfarm payroll jobs declined by 300 from August to September to 2,621,400 jobs, according to the survey of business establishments. Private sector payroll jobs increased 2,600 and government decreased 2,900.
The number of people actively participating in the labor force increased 6,700 over the month to 2,898,000 and the number of people reporting themselves as employed increased 11,300 to 2,793,500.
Read more at the Denver Business Journal: http://bit.ly/2e7BlqS