Regional unemployment continues downward trend

Unemployment rates held steady or edged down slightly regionally from April to May, but were down significantly from May a year ago.

That’s according to the latest Colorado Department of Labor and Employment report issued Friday that showed the state’s unemployment rate is at its lowest since 2008.

Regionally, Boulder County’s jobless rate was 4.2 percent in May, even with April and down from 5.1 percent a year ago. The county had 176,429 people employed and 7,709 looking for work.

Larimer County’s unemployment rate was just above Boulder’s at 4.3 percent, down from 4.4 in April and 5.2 a year ago. Larimer had 178,656 people employed and 7,946 seeking work.

Broomfield County’s jobless rate was 4.9 percent, with 30,782 employed and 1,572 looking for work. The rate was even with April and down from 6.3 percent a year ago.

Weld County, meanwhile, saw the area’s biggest decline from a year ago in terms of percentage points, with the unemployment rate there dropping from 6.9 percent in May 2013 to 5.4 percent this year. The county had 124,046 people employed and 7,048 looking for work.

Statewide unemployment dipped from 6 percent in April to 5.8 percent in May, its lowest point since a 5.7-percent rate in November 2008. The state saw nonfarm payroll jobs increase 9,100 from April to May to 2,443,800, marking the state’s 31st month in a row of payroll job gains. The largest private sector gains came in construction, professional and business services and leisure and hospitality.

Cheyenne County on the Eastern Plains boasted the state’s lowest unemployment rate for May at 2.6 percent, while Costilla County in south central Colorado had the highest rate at 10.6 percent.

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