Colorado adds 27,300 jobs in June; jobless rate rises to 5.1 percent
Colorado added 27,300 jobs in June, about average for the month, the Colorado Department of Labor and Employment said Friday but it means job growth has now slowed to 1.3 percent over the past 12 months.
The seasonally adjusted unemployment rate rose two-tenths of a percentage point in June to 5.1 percent. So far this year the state’s jobless rate has averaged 4.7 percent, compared with 3.8 percent for the same period in 2007.
“Although employment growth has been positive, it has been too modest to absorb the state’s expanding labor force,” said Donald Mares, executive director of the state labor department, in a statement.
June is generally a month of rising unemployment in Colorado, as student workers enter the job market. The department pegged total employment at 2,619,900.
The leisure and hospitality industry was up the most, but so was construction, despite a slump in residential.
Job growth in the state has moderated since the beginning of the year in response to anemic national economic growth and continuing weakness in construction, financial services and manufacturing, state officials said.
In June, all industry sectors except manufacturing and government added workers. The biggest employment gain was in the leisure and hospitality sector, as it prepared for the summer tourism season.
Nationwide, nonfarm payroll employment fell 62,000 in June, and the unemployment rate was 5.5 percent, according to recently reported data from the Bureau of Labor Statistics
The seasonally adjusted unemployment rate rose two-tenths of a percentage point in June to 5.1 percent. So far this year the state’s jobless rate has averaged 4.7 percent, compared with 3.8 percent for the same period in 2007.
“Although employment growth has been positive, it has been too modest to absorb the state’s expanding labor force,” said Donald Mares, executive director of the state labor department, in a statement.
June is generally a month of rising unemployment in Colorado, as student workers enter the job market. The department pegged total employment at 2,619,900.
The leisure and hospitality industry was up the most, but so was construction, despite a slump in residential.
Job growth in the state has moderated since the beginning of the year in response to anemic national economic growth and continuing weakness in construction, financial services and manufacturing, state officials said.
In June, all industry sectors except manufacturing and government added workers. The biggest employment gain was in the leisure and hospitality sector, as it prepared for the summer tourism season.
Nationwide, nonfarm payroll employment fell 62,000 in June, and the unemployment rate was 5.5 percent, according to recently reported data from the Bureau of Labor Statistics
Labels: Colorado, employment
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