The largest gains were seen in government (+60,000), health care (+41,000), social assistance (+24,000), construction (+23,000), and professional and business services (+21,000).
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The largest gains were seen in government (+60,000), health care (+41,000), social assistance (+24,000), construction (+23,000), and professional and business services (+21,000).
Despite the rise in unemployment rate, the nation’s total nonfarm payroll employment increased by 339,000 jobs.
Housing affordability has become a top priority for Colorado lawmakers and voters, and a new report from an organization with nearly four decades of experience in the sector makes a case for how new federal and state resources should be prioritized.
Colorado’s March state unemployment rate was 2.8 percent, a 0.1 percent drop from February.
The national unemployment rate dropped from 3.6 percent in February to 3.5 percent in March.
Despite this, based on preliminary data, the state has added about 10,695 new nonfarm jobs between January to February with some of the largest increases coming from the business, trade, hospitality, and government sectors.
Per the new report, in the West, business applications increased 8.0 percent between January and February, from about 93,693 to 101,841 applications.
Here in Colorado, the state unemployment rate dropped from 5.4 percent in 2021 to 3.0 percent in 2022.
As released in the Bureau of Labor Statistics report last month, Colorado’s unemployment rate, seasonally adjusted, dropped slightly from 3.5 percent in November to 3.3 percent in December.
By May, Colorado was lower than the national average.