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Colorado unemployment rate rises slightly, lower than national rate – BizWest

Colorado unemployment rate rises slightly, lower than national rate – BizWest

DENVER – Colorado’s unemployment rate rose slightly in May but remains below the national average.

The Centennial State’s seasonally adjusted unemployment rate rose to 3.8 percent last month from 3.7 percent in April, while the national figure increased by a tenth of a percentage point to 4 percent over the same period, according to data released Monday by the Colorado Department of Labor and Employment.

“Colorado’s labor force fell by 2,800 to 3,234,000 in May,” the CDLE report said. “The share of Colorado residents employed fell one-tenth of a percentage point to 67.9% in May from the previous month. The U.S. labor force participation rate was 62.5% in May, down two-tenths of a percentage point from the previous month.”

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In the Boulder Valley and northern Colorado, Larimer County had the lowest non-seasonally adjusted unemployment rate of 3.5% in May, compared to 3% in April. Boulder’s rates in May and April were 3.7% and 3.1%, respectively; Broomfield’s rates were 3.8% and 3.4%, respectively; and Weld’s rates were 4.1% and 3.5%, respectively.

“During the year, the average workweek for all private nonfarm workers in Colorado increased from 32.9 to 33.5 hours, while the average hourly wage increased from $35.46 to $37.77. That’s $2.86 more than the national average hourly wage of $34.91,” the CDLE report said.

Dallas Heltzell

Dallas Heltzell

Dallas has been with BizWest since 2012 and has been in Colorado since 1979. He has worked for the Longmont Times-Call, Colorado Springs Gazette, Denver Post and Public News Service. A native Missourian and graduate of the Mizzou School of Journalism, Dallas started as a sportswriter and outdoor columnist at the St. Charles (Missouri) Banner-News, then moved to the St. Louis Post-Dispatch before escaping the heat and humidity for the Rockies. He especially enjoys covering our mountain communities.