Colorado gains 6,000 jobs; unemployment edges down to 3.5%

DENVER BUSINESS JOURNAL - Colorado employers added 6,000 payroll jobs in October, and the state's unemployment rate edged down a tenth of a point from the previous month, to 3.5 percent, the Colorado Department of Labor and Employment reported Friday.

The state's private-sector employers added 6,900 jobs last month, while public-sector jobs declined by 900, CDLE said.

The gain of 6,000 payroll jobs in Colorado was ahead of the state's 12-month average monthly gain of 5,342 jobs over the last 12 months.

Colorado now has 2,626,800 payroll jobs, up by 64,100 from October 2015.

Colorado's largest month-to-month private-sector job gains in October were in education and health services, trade, transportation, and utilities, and leisure and hospitality. The largest over-the-month declines were in manufacturing.

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