Construction Employment Suffers Most Losses in Colorado in 2010
Colorado’s seasonally adjusted unemployment rate increased two-tenths of a percentage point to 8.6% in November, according to Donald J. Mares, executive director for the Colorado Dept. of Labor and Employment. “For the first time in three years, we’ve now had three consecutive months of wage and salary job growth,” Mares said. “While the unemployment rate is increasing at the same time we’re adding jobs, this seeming contradiction is easily explained by the number of people returning to the labor force this month.”
The number of working Coloradans fell 2,400 over the month to 2,433,900, while the civilian labor force increased 4,500 to 2,663,800. The number of residents unsuccessfully looking for work increased 6,900 over the month to 229,900. One year ago, total employment was 2,457,200, the civilian labor force was 2,652,700 and the number of unemployed was 195,500. The civilian labor force has increased 11,100 since November 2009.