Colorado jobless rate falls to 3.4% in June, lowest since COVID-19 outbreak
Colorado’s seasonally adjusted unemployment rate fell one-tenth of a percentage point in June to 3.4%, marking the lowest rate since February 2020, when it was 2.8%.
The national unemployment rate remained flat at 3.6% in June.
The state’s labor force grew by 8,200 in June to 3,248,800, according to data released Friday by the Colorado Department of Labor and Employment.
Locally, Broomfield County posted the lowest not-seasonally adjusted unemployment rate of 2.7% in June, followed by Boulder County at 2.8%, Larimer County at 2.9% and Weld County at 3.5%
Over the year, the average workweek for all Colorado employees on private nonfarm payrolls decreased from 33.8 to 33.2 hours, while average hourly earnings grew from $31.60 to $34.21, $2.13 more than the national average hourly earnings of $32.08, according to CDLE data.
Colorado’s seasonally adjusted unemployment rate fell one-tenth of a percentage point in June to 3.4%, marking the lowest rate since February 2020, when it was 2.8%.
The national unemployment rate remained flat at 3.6% in June.
The state’s labor force grew by 8,200 in June to 3,248,800, according to data released Friday by the Colorado Department of Labor and Employment.
Locally, Broomfield County posted the lowest not-seasonally adjusted unemployment rate of 2.7% in June, followed by Boulder County at 2.8%, Larimer County at 2.9% and Weld County at 3.5%
Over the year, the average workweek for all Colorado employees on private nonfarm payrolls decreased…
Start your subscription to BizWest, The Business Journal of the Boulder Valley and Northern Colorado, TODAY!
Online access PLUS print versions of all Bizwest publications
One month subscription includes:
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.
Online access for one year.
One month subscription includes:
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year access to daily email newsletter & breaking news alerts.
Online and print versions of all Bizwest publications PLUS premium access to BizWest Datastore for one year.
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to unlimited downloads from the BizWest Datastore!
- 1-year premium online access to the Breaking Ground website!
- 1-year access to daily email newsletter & breaking news alerts.
Premium access to the BreakingGround site plus online and print versions of all BizWest publications.
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to the Breaking Ground website!
- 1-year access to daily email newsletter & breaking news alerts.
Premium access to the BreakingGround site plus online and print versions of all BizWest publications.
One month subscription includes:
- 1-year premium online access to the Breaking Ground website!
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.