Fri December 21, 2012

Colorado Unemployment Continues to Decline

Colorado's unemployment rate continues to trend downward – declining another two-tenths of a percentage point last month, to 7.7 percent.

Alexandra Hall, chief economist for Colorado’s Department of Labor and Employment, says the state added roughly 8,000 jobs in November, primarily in three areas: Professional and business services, education and health services, and tourism.

All three of those sectors saw a few thousand or more jobs added over the month of November.

Hall adds that Colorado’s payroll job numbers and unemployment rate are finally starting to get back to pre-Recession levels last seen in late 2008 and Jan. 2009. But economists are concerned that the recovery could stall if Congress fails to reach a deal to avoid the fiscal cliff by the end of the year.