Colorado unemployment rate falls to 3.4% in June, the lowest since the outbreak of COVID-19 – Greeley Tribune

Colorado’s seasonally adjusted unemployment rate fell a tenth of a percentage point to 3.4% in June, marking the lowest rate since February 2020 when it was 2.8%.

The national unemployment rate remained unchanged at 3.6% in June.

The state’s workforce grew by 8,200 to 3,248,800 in June, according to data released Friday by the Colorado Department of Labor and Employment.

At the local level, Broomfield County recorded the lowest non-seasonally adjusted unemployment rate of 2.7% in June, followed by Boulder County at 2.8%, Larimer County at 2.9% and Weld County at 3.5%.

During the year, the average workweek for all Colorado employees on private, nonfarm payrolls decreased from 33.8 hours to 33.2 hours, while average hourly earnings increased from $31.60 to $34.21, $2.13 more than the nationwide average hourly wage of $32.08, according to CDLE data.

This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2022 BizWest Media LLC.

https://www.greeleytribune.com/2022/07/23/colorado-jobless-rate-falls-to-3-4-in-june-lowest-since-covid-19-outbreak/ Colorado unemployment rate falls to 3.4% in June, the lowest since the outbreak of COVID-19 – Greeley Tribune

James Brien

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