Economy & Economic Development  July 22, 2022

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…

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