Unemployment drops statewide

Jobs in Colorado increased by8,800 in October to more than 2.2 million, according to the Colorado Department of Labor and Employment.

The unemployment rate decreased by two-tenths of a percent to 8.1 percent.

“Some positive trends are beginning to emerge on the Colorado jobs front,” said Ellen Golombek, executive director. “While we still have a ways to go to recover all of the jobs lost due to the Great Recession, job creation today is stronger than it was a year ago. We’ve added over 30,000 jobs since the beginning of 2011.”

The number of people actively participating in the labor force increased 16,300 to more than 2,.6 million and total employment increased 19,100 to more than 2.4 million, causing the number of unemployed to decline 2,800. The national unemployment rate declined one-tenth of one percentage point over the same period to 9 percent.

Over the year, the average workweek for all employees on private nonfarm payrolls increased from 34.4 to 35.4 hours and average hourly earnings increased from $23.83 to $24.30.