Unemployment rate increases in resort counties, reflecting seasonality |
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Business survey data:
Employers in Colorado added 5,400 nonfarm payroll jobs from April to May for a total of 2,855,400 jobs, according to the survey of business establishments. Private sector payroll jobs increased 5,200 and government added 200 jobs. Over the past 25 months, Colorado has added 410,300 nonfarm payroll jobs, compared to losses totaling 374,500 in March and April 2020. That translates to a job recovery rate of 109.6 percent, which exceeds the U.S. rate of 96.3 percent.
Since May 2020, Colorado’s private sector has grown by 414,000 jobs, compared to declines of 358,800 in early 2020. That translates to a job recovery rate of 115.4 percent and outpaces the U.S. rate of 99.0 percent.
Other highlights:
- April estimates were revised up to 2,850,000, and the over the month change from March to April was a gain of 16,000 rather than the originally estimated increase of 14,600 (monthly revisions are based on additional responses from businesses and government agencies since the last published estimates).
- Private industry sectors with significant job gains in May were: professional and business services (~3,000), leisure and hospitality (~1,800), and manufacturing (~1,000). Significant over the month private sector job loss occurred in trade, transportation, and utilities (~2,700).
- Since May 2021, nonfarm payroll jobs have increased 124,600, with the private sector growing by 116,800 and government adding 7,800 jobs. The largest private sector job gains were in leisure and hospitality (~37,800), professional and business services (~31,700), and trade, transportation, and utilities (~16,700). No industry experienced job loss during that same period. Colorado’s rate of job growth over the past year is 4.6 percent, which marginally exceeds the U.S. rate of 4.5 percent.
- Over the year, the average workweek for all Colorado employees on private nonfarm payrolls decreased from 33.9 to 33.7 hours, while average hourly earnings grew from $31.76 to $34.62, two dollars and sixty-seven cents more than the national average hourly earnings of $31.95.
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Northwest Workforce Area
Employment Law Update
9:30 - 11 a.m., June 28
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Implementing Colorado's Family & Medical Leave Insurance program
9:30 - 11 a.m., July 19
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Northwest Workforce Region Business Services team |
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Your business services staff, Chris, Mark and Carolyn, are highly trained, resourceful, out-of-the-box thinkers dedicated to businesses, community and economic development. We believe that thriving local economies are the best foundations for businesses to succeed, and that strong businesses contribute to thriving economies and meaningful employment. Our number one goal is to support businesses in attracting and retaining the talent they need to grow and thrive.
Our staff are experts in local labor markets and look forward to helping you with your workforce needs. Contact us to learn more about tailored services and resources to support your business.
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Christina Oxley
Rio Blanco, Moffat, Routt,
Grand and Jackson counties
970.620.1690
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Mark Hoblitzell
East Eagle, Summit
and Lake counties
970.880.4092
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Carolyn Tucker
Garfield, Pitkin and
West Eagle counties
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Northwest Colorado Workforce Center offices |
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If you have a question about unemployment, please contact them directly at 1-800-388-5515. Workforce centers are no longer able to assist with unemployment insurance questions or claims.
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CRAIG
Moffat County
970.824.3246
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EDWARDS
East Eagle County
970.926.4440
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LEADVILLE
Lake County
719.486.2428
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MEEKER
Rio Blanco County
970.878.4211
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FRISCO
Grand, Jackson
and Summit counties
970.668.5361
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GLENWOOD SPRINGS
Garfield, Pitkin and
West Eagle counties
970.945.8638
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STEAMBOAT
SPRINGS
Routt County
970.879.3075
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