October 21, 2011 09:53 PM UTC

Colorado's Unemployment Rate Tracking Downward

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• 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.

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