Region’s jobless rate inches upward

Rates of unemployment ticked upward in June in the Boulder Valley and Northern Colorado, according to the most recent data from the Colorado Department of Labor and Employment.

Larimer County had the lowest jobless rate in the region with an unadjusted jobless rate of 3.6%, but that was up from 3.4% in May. The City and County of Broomfield saw a 3.8% unemployment rate, up from 3.6% in the previous month, while Boulder County’s jobless rate topped 4%, also up from 3.6%. Weld County trailed the pack at 4.4%, up from 4% in May.

Those rising rates bucked the flat trend in the state overall, CDLE statistics said. Colorado’s seasonally adjusted unemployment rate was again unchanged at 3.9% from May to June, just as it had been from April to May. The national jobless rate dropped one-tenth of a percentage point to 4.2% from May to June.

According to CDLE’s survey of households, the number of unemployed individuals

decreased by 1,200 to 124,800 for the period, but Colorado’s labor force decreased by 12,900 in June to 3,193,300. The share of Coloradans participating in the labor force was 65.6% in June, three-tenths of a percentage point lower than in May. This marks the lowest labor-force participation rate since July 2020.

The U.S. labor force participation rate decreased three-tenths of a percentage point to 61.5% in June. The national unemployment rate decreased one-tenth of a percentage point to 4.2% from May to June.

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