CDLE economist: Job outlook remains strong despite unemployment uptick

DENVER — While Colorado’s unemployment rate ticked up slightly last month for the first time in more than a year, it’s not time to hit the panic button, experts say.

In fact, the minor increase — a 3.4% seasonally adjusted rate in August up from 3.3% in July — might even be another indicator of a strong job market. 

That’s because the number of employed people increased last month, just not as much as the overall pool of employable Coloradans, new data from Colorado Department of Labor and Employment. It can take some time for these new workers to be absorbed.

“I’m not…