Economy & Economic Development  September 15, 2023

Colorado adds jobs, but unemployment rate ticks up in August

Nonfarm jobs added in August 2023 exceeded the month prior and also the same month a year ago. Source: Colorado Department of Labor and Employment
By

DENVER — Colorado added 5,600 nonfarm jobs during the month of August while the unemployment rate bumped up above 3% for the first time in 15 months.

The monthly employment report from the Colorado Department of Labor and Employment, released Friday, showed the state’s unemployment at 3.1%, up from the 2.9% of July. The U.S. unemployment rate also bubbled up — to 3.8% from 3.5% the previous month, said Ryan Gedney, principal economist for the CDLE.

In the Boulder Valley and Northern Colorado, Larimer County’s unemployment rate was 3.2%, up a tenth of a percentage point from the prior month. Boulder County…

Related Posts

Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
Categories: Today's News Economy & Economic Development Sunday Weekly Workforce Colorado Department of Labor and Employment
Sign up for BizWest Daily Alerts
Closing in 8 seconds...