Unemployment rates unvarying, reason may surprise you

By: KKCO Email
By: KKCO Email

GRAND JUNCTION, Colo. (KKCO) - The Labor Department reports employers cut 85,000 jobs last month.

The unemployment rate stayed at 10 percent, the same as November, because more of those without jobs stopped looking for work. When people stop looking, they no longer officially count as unemployed.

Meanwhile, UPS announced Friday it will cut 1,800 management and administrative positions. The world’s largest package delivery company said about two thirds of those will be offered a voluntary separation package. UPS said it is streamlining its domestic management structure.

Here in Mesa County, December numbers aren’t in yet, but November’s unemployment rate was eight percent. It’s been holding steady for the last couple of months.

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