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Colorado sees better job performance

Unemployment Benefits (copy)

Colorado saw a favorable increase in job performance last month, according to a new report released Friday by the state’s Department of Labor and Employment.

A survey of Colorado households showed the number of unemployed individuals dropped in June by 3,400 to 155,300 over the month previous. The seasonally adjusted unemployment rate decreased by a tenth of a percent to 4.7 percent.

The national unemployment rate also dropped by a tenth of a percentage point to 4.1 percent the report added.

The report said that the rise was despite a reported loss of 1,500 nonfarm payroll jobs over the same period. Private sector payroll jobs decreased by 1,600, while government gained 100 jobs, the report noted.

Industries posting job gains during the month were the leisure and hospitality, information, and professional and business services. Private sectors posting job losses were trade, transportation, utilities, educational and health services, and construction.

The total labor force, the report said, increased by 200 during June to 3,282,900. The share of Coloradans participating in the labor force stood at 67.7 percent, unchanged from the month before.

Over the past year the average work week for Colorado employees on private nonfarm payrolls decreased from 34.2 to 33.8 hours, while average earnings grew from $37.82 to $39.19 an hour — $2.89 more than the national average of $36.30.

The report noted that nonfarm payroll jobs estimates are based on a survey of business establishments and government agencies and measure the number of jobs, not the number of people employed.


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