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October 21, 2011 09:53 PM UTC

Colorado's Unemployment Rate Tracking Downward

  • 18 Comments
  • by: Colorado Pols

From the Department of Labor and Employment’s release today:

According to the survey of households, the unemployment rate decreased two-tenths of a percentage point to 8.3 percent. The number of people actively participating in the labor force increased 8,300 to 2,680,900 and total employment increased 13,400 to 2,458,700 causing the number of unemployed to decline 5,000. The national unemployment rate also was unchanged over the same period at 9.1 percent.

Over the year, the average workweek for all employees on private nonfarm payrolls increased from 34.4 to 34.6 hours and average hourly earnings increased from $23.62 to $23.92…

Over the year, nonfarm payroll jobs increased 23,100 with an increase of 24,600 in the private sector and a decline of 1,500 in government. The largest private sector job gains were in leisure and hospitality, education and health services, and trade, transportation and utilities. The largest declines were in construction, financial activities and information.

Over the year, the unemployment rate is down one half of one percentage point from 8.8 percent in September 2010. The number of Coloradans participating in the labor force increased 5,600, total employment increased 20,100 and the number of unemployed decreased 14,500…

A poll follows.

Whose fault is this?

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Comments

18 thoughts on “Colorado’s Unemployment Rate Tracking Downward

  1. Because Pols didn’t give me much choice.

    What we have in Colorado today is an economy that is trying desperately to recover, and thanks to Colorado’s low taxes and good business climate we are indeed doing better than many other states. Colorado is recovering from the Great Recession because of exactly the things Democrats want to undo.

    The worst possible thing we could do now is raise taxes and increase regulation on key sectors of Colorado’s economy such as energy production. Every Coloradan should welcome a lower unemployment rate, but be resolved to protect it from any government schemes to siphon away prosperity. Pols wants you to read this and become complacent, I say you should read this report as a warning.

    A dozen Obamabots are about to clobber me for trying to help readers of this blog see reason. Please consider what I am saying as you read their groupthink drivel. That is all I ask.

    1. if you could SHOW us something that supports your assertions, that would be great.

      We’re not dumb; we’ve seen all the slashed taxes of the 2000s, and that didn’t exactly create jobs or rev up the economy. Why should we worry about raising taxes, which in the past preceded good economic times?

      1. Taking money out of the private sector by raising taxes kills jobs with much more guaranteed effect. If you have more money you MIGHT hire someone, but if you have less you DEFINITELY have to fire someone.

        In other words, common sense. The real Aristotle would understand.

    2. We have numerous job openings that we have had open for months. And we can’t find anyone qualified. We can’t even fill all of our internships. (Tons of applicants, but none of them are at the level we need.)

      What we need more than anything is for the government to put in the effort to improve K-12 and to send everyone qualified who wants to go on to College. I’ll agree that only half this problem is financial. But 100% of it is needing the government to step up and do more.

      The American economy has throughout its history been built on significant public investment. If we followed the lead of self-centered bozos like you we would be Somalia.

    1. What none of you want to admit is that Colorado’s low taxes and business friendly climate, the things Democrats want to undo, are why we are recovering faster.

      This simple fact looms over all your snark.

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