Colo. Unemployment Dropped More Than Any Other State in 2014

UPDATE: Colorado Democrats celebrate via social media:

demsunemployment

—–

Good news for Colorado, as the Denver Business Journal reports:

Colorado added 4,700 payroll jobs in December and finished 2014 with an unemployment rate of 4.0 percent, the state's lowest since October 2007, the Colorado Department of Labor and Employment reported Tuesday.

The state's private-sector employers added 5,500 positions to their payrolls in December, while government jobs declined by 800 from November levels, the monthly CDLE report indicated…

…A separate survey of Colorado households, which does include those job categories, is used to estimate unemployment rates and the size of the labor force.

That survey showed Colorado's unemployment rate having dropped for nine consecutive months. December's 4.0 percent rate was down a tenth of a percentage point from November and down 2.2 percent from December 2013.

Improving Colorado's economy was the major theme of Gov. John Hickenlooper's re-election campaign in 2014, and the numbers certainly validate that strategy. Sure, there are plenty of different reasons why unemployment is falling so quickly in Colorado, but no matter how you look at it, this is a big talking point for Democrats. Colorado's unemployment rates dropped faster than any other state in the country in 2014, at a time when Democrats controlled the legislature and the Governor's office.

17 Community Comments, Facebook Comments

  1. DawnPatrol says:

    But…but…but…Socialists! Obummerkare! Steyer! Benghazi!

    This is all a librul lie because…because…freedom!

     

  2. taterheaptom says:

    Its clearly because the economy knew that Republicans would take over the state Senate at the end of the year.  

  3. FrankUnderwood says:

    It's all the result of those excessive government regulations and high taxes brought about by the Dems over the past ten years.

  4. Gilpin Guy says:

    Who knew that baking brownies would be profitable and a driver of employment?

  5. Konola says:

    The first time that unemployment went below 4% was under Clinton. Economists used to consider 4% unemployment to be FULL employment.

  6. gertie97 says:

    But the rate ticked back up in Grand Junction. When will people around here wake up to the fact that drill, baby, drill isn't the answer?

  7. Repeal the renewable energy standards! Severance taxes are too high! There's too many environmental hurdles! Our economy is crashing to a halt! Oh, wait…

  8. mamajama55 says:

    It's interesting to dig into the job stats a bit – from the original CDE and Denver Business Journal article, the top ten employers hiring in CO in 2014 were almost exclusively health and research-related. So if anything, I'd be inclined to credit Obamacare for a big boost in CO's jobs.

    Mark Harden wrote  in the DBJ:

    Across all of 2014, the biggest job gains were in leisure and hospitality, education and health services, and construction. Information and other services declined over the year.

    The cannabis industry has undoubtedly given a boost to Colorado taxes, and has undoubtedly  created many of those sales jobs, and also attracted tourists and travelers, thereby promoting the hospitality industries and offsetting the losses from the transient oil workers.

    Now we do know that in Weld County, 1,500 construction and mining and extraction jobs were added in 2013-2014. But many of those are going to go away again, now that oil is cheap and shale extraction is still costly. Anyway, those added jobs were less than those generated  by manufacturing (including Vestas wind turbine manufacturing), meat processing, and health insurance records processing. (Upstate Colorado report for 2013-2014)

    Here are the top ten occupations hiring online in Colorado in 2014. Plenty of nurses and administrators, computer techs, sales, and customer service reps – no roughnecks, no miners.

     

     

  9. Davie says:

    Well, not to worry.  With the overwhelming mandate the GOP got in taking the Senate by 1 seat by 700 votes from Adams county, they will wrest the reins of the economy away from Democrats and drive it back into the ditch where it belongs…

Leave a Reply

Comment from your Facebook account


You may comment with your Colorado Pols account above (click here to register), or via Facebook below.