Colorado Unemployment Rate Drops To 4.9 Percent

Denver (AP) Nearly every job category in Colorado experienced growth during the month of june, pulling the state's unemployment rate down to 4.9%. That compares with 5.3% in May, and 5.5% June, 2004. State Labor Economist Joe Winter calls the new figure a "significant drop" in the unemployment rate, one that demonstrates an improvement in the economy.

Only two sectors failed to see growth last month: trade,
transportation and utilities, which lost 500 jobs due to seasonal adjustments; and manufacturing, which was flat.

The most new jobs came in the area of professional and business services, which added 2,700 positions. Winter says the state's pattern is closely following the national economy.

Copyright 2005 by the Associated Press. All rights reserved.
© KKCO NBC 11 News - All Rights Reserved

KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 2048392 -
Gray Television, Inc.