Colorado unemployment rate inches up; fewer jobs added

DENVER BUSINESS JOURNAL - Colorado employers added 1,400 nonfarm jobs to their payrolls in October – a slower rate than in recent months — and the unemployment rate inched up two-tenths of a percentage point to 2.7 percent as more people sought jobs.

That's according to the latest monthly report on the state's jobs picture from the Colorado Department of Labor and Employment, released today.

The monthly gain of 1,400 non-farm payroll jobs was lower than the state's 12-month average gain of 3,817 jobs, according to CDLE data. Breaking down the numbers, the private sector added 4,300 jobs while government jobs declined by 2,900.

The statewide jobless rate also saw a slight increase in October to 2.7 percent. That’s an increase over September’s rate of 2.5 percent and a slight jump over the three straight months -- April through June – when the unemployment rate was at 2.3 percent, a four-decade low dating back to when state record keeping began in 1976.

Read more at the Denver Business Journal: http://bit.ly/2ySIeF7

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