We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Broomfield County saw its unemployment rate dip to 4.7 percent, down from 4.9 percent in May. Weld County held steady at 5.4 percent, and Boulder (4.3) and Larimer (5.0) both saw their rates tick up one-tenth of a percentage point. But all four counties were down more than 1.5 percentage points from June of last year, with Weld dropping 2.4 percentage points and Broomfield down a full two points.
Boulder County had 176,520 people employed in June and 7,889 looking for work. In Broomfield, the numbers were 31,153 and 1,542, respectively. For Larimer, they were 179,809 and 7,979. And in Weld they were 124,945 and 7,178.
Colorado’s unemployment rate in June dropped two-tenths of a percentage point to 5.5 percent, its lowest since boasting a 5.3-percent rate in 2008. The state gained 3,000 nonfarm payroll jobs from May to June, increasing the total count to 2,446,800. The government sector saw a gain of 3,300 jobs, while private sector payroll jobs actually decreased by 300. Colorado’s jobless rate was 6.9 percent just a year ago.
Nationally, the June unemployment rate was 6.1 percent.
Statewide, Hinsdale County in southwest Colorado had the lowest unemployment rate at 2.3 percent, while Costilla County, along the New Mexico border, had the state’s only remaining double-digit rate at 10.1 percent.