By December 21, 2013 Read More →

Denver Area Unemployment at 5.8%

Metro Denver’s unadjusted unemployment rate stood at 5.8 percent in November, down from 6 percent in October and 7.2 percent in November 2012, according to raw county jobs estimates released Friday by the Colorado Department of Labor and Employment.

The 5.8 percent unadjusted jobless rate is for a 10-county area that includes Denver, Aurora, Lakewood, Broomfield and Centennial, but not Boulder County. Boulder County’s unemployment rate was 4.7 percent last month.

By county, last month’s unadjusted jobless rates in the metro-Denver region ranged from a low of 4.7 percent in Gilpin County to a high of 6.6 percent in Adams County, the raw figures show. The rate in Denver County was 6.2 percent.

A survey of households in the 10-county Denver area (not including Boulder) showed total employment at 1,349,095 last month (including the self-employed and farm workers), with 83,810 unemployed people actively seeking work.

Elsewhere in Colorado, last month’s unadjusted jobless rate was 5.0 percent in the Fort Collins-Loveland area, 6.3 percent in the Greeley area, 6.9 percent in the Grand Junction area and 7.3 percent in the Colorado Springs area.

Unlike the statewide unemployment rate, the county and metro-area numbers are not adjusted for normal seasonal job fluctuations and are therefore not considered directly comparable to the adjusted state data.

Also, year-over-year comparisons of the unadjusted rates are considered more valid than changes from one month to the next, which could be pushed up or down by normal seasonal changes in hiring that are removed when adjusted rates are reported.

About the Author: Mark Harden directs print and digital news content for the Denver Business Journal and writes for the “17th & Lincoln” blog. Email: Phone: 303-803-9227.

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