Boulder Valley, Northern Colorado unemployment falls in May

Unemployment rates across the Boulder Valley and Northern Colorado counties fell from April 2019 to May 2019, but varied in year-over-year trends.

According to new data from the Colorado Department of Labor and Employment, Boulder County’s unemployment rate fell from 2.3 percent in April to 2.1 percent in May, a 0.4 percent drop from May 2018. Larimer County’s unemployment rate dropped from 2.3 percent to 2 percent, resulting in a 1.9 percent decline over the year. Broomfield County’s rate fell slightly, from 2.4 percent to 2.3 percent, but was flat year-over-year.

Weld County’s rate fell from 2.5 percent to 2.2 percent during the period, but unemployment there rose 0.5 percent from last May.

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At the statewide level, Colorado added 2,200 nonfarm jobs during the period, with 900 in the private sector. The statewide unemployment rate dropped one-tenth of a percent to 3.2 percent. Over the year, the average work week for all employees fell from 33.9 hours to 33.2, while average hourly wages rose from $28.51 to $30.14.