By February 15, 2015 Read More →

Metro Denver unemployment rate 3.9% in December

Mark Harden
News Director- Denver Business Journal.

Metro Denver’s unadjusted unemployment rate stood at 3.9 percent in December, unchanged from November but well below the December 2013 rate of 5.7 percent, according to raw county jobs estimates Tuesday from the Colorado Department of Labor and Employment.

The 3.9 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 3.0 percent last month, unadjusted. The rate for metro Denver combined with Boulder was 3.8 percent.

By county, last month’s unadjusted jobless rates in the metro-Denver region ranged from a low of 3.2 percent in Douglas County to a high of 4.5 percent in Adams County, the raw figures show. The rate in Denver County was 4.2 percent.

A survey of households in the 10-county Denver area (not including Boulder) showed total employment at 1,450,568 last month (including the self-employed and farm workers), with 56,528 unemployed people actively seeking work.

Elsewhere in Colorado, last month’s unadjusted jobless rate was 3.1 percent in the Fort Collins-Loveland area, 3.9 percent in the Greeley area, 4.7 percent in the Grand Junction area and 5.1 percent in the Colorado Springs area.

Unlike the statewide unemployment rate, also released Tuesday, 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. >> Read full article

Posted in: Denver, Latest

Comments are closed.