An incline in job growth in Colorado is expected over the next four to six months.
Credit Ben Simo / Flickr - Creative Commons
Based on the number of new business filings in Colorado for the second quarter of 2014, employment numbers are expected to moderately grow through the remainder of the year. The positive forecast isn’t just based on new companies starting up here, but on year-over-year improvements in existing business renewals, trademarks and trade names that indicate more jobs are on the way.
Colorado's jobless rate has continuously been lower than the nation.
Credit Colorado Department of Labor and Employment / Bureau of Labor Statistics
June 2014 marks yet another gain in job growth and a steadily decreasing unemployment rate for Colorado. These gains can be thanked largely on the public sector, although private sector jobs are on the rise as well.
The state comes out ahead compared to the national average with several northern Front Range counties faring significantly better than the rest of the state.
Analysts' expectations of continued growth in the jobs report for June were surpassed by federal data issued this morning, as the Labor Department says U.S. employers added 288,000 jobs last month. The government released the numbers one day early because of the July 4 holiday.
Update at 8:35 a.m. ET: 288,000 Jobs Added
"Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent," the Bureau of Labor Statistics says.
Colorado’s economy and job growth are already shaping up to play a central role in the November gubernatorial race. Both candidates are using their own figures to assess how the state is faring as it recovers from the recession.