DENVER BUSINESS JOURNAL - Colorado’s economy is holding steady with no change in its unemployment rate in August, according to the latest numbers released today by the Colorado Department of Labor and Employment.
Employers added 4,100 non-farm payroll jobs from July to August for a total of 2,617,800 jobs, according to the survey of business establishments. Private-sector payroll jobs increased 3,400 and government increased 700.
According to a separate survey of households, the unemployment rate was unchanged from July to August at 3.8 percent. Over the year, that rate is up one-tenth of a percentage point from 3.7 percent in August 2015.
The number is calculated using the number of people actively participating in the labor force – which decreased 3,000 over the month to 2,890,800 -- and the number of people reporting themselves as employed, which decreased by 1,700. The larger decrease in labor force than in total employment caused the number of unemployed to decrease 1,300.
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