Unemployment rate steady in NoCo, Boulder Valley

The unemployment rates in Boulder, Broomfield, Larimer and Weld counties remained flat in October, according to Colorado Department of Labor and Employment data.

The four Boulder Valley and Northern Colorado counties posted similar non-seasonally adjusted unemployment figures in both September and October — and each was below 3 percent.

Larimer County posted a 2.7 percent jobless rate. Weld and Boulder counties both held steady with a 2.8 percent rate. Broomfield County also had an October unemployment rate of 2.8 percent, down slightly from 2.9 percent in September.

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Statewide, the unemployment rate ticked up one-tenth of a percent to 3.2 percent in October. That figure is still well below the national average of 3.7 percent.

The number of people actively participating in Colorado’s labor force increased 5,500 over the month to 3,101,200.

Over the year, the average workweek for all Colorado employees on private nonfarm payrolls decreased from 33.9 to 33.4 hours and average hourly earnings increased from $27.95 to $29.22.