Unemployment falls in Colorado

By: KKCO Email
By: KKCO Email

Colorado’s job market is improving, with the unemployment rate falling by half a percentage point in August.

The State Department of Labor and Employment said Friday the August unemployment rate was 7.3 percent, down from 7.8 percent in July.

The number of Coloradans with jobs grew by 4,900 in August to just under 2.5 million.

The number of people who looked for a job but couldn’t find one fell by 13,100 to about 197,000.

Don Mares, director of the Labor Department, says it’s an encouraging sign that Colorado’s job situation is stabilizing.

But he warns that the market will likely experience some ups and downs over the next several months.

Government employment rose by 4,200 as teachers returned to work.

The leisure and hospitality sector added 1,300 jobs.

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