The more Colorado's unemployment rate continues to decline, the more
jobs Denver has to offer.
During October,
Colorado saw its unemployment rate decrease from 7 percent to 6.9 percent, following a decrease from 7.3 percent during September. The state's current rate is considerably lower than the national unemployment rate of 10.2 percent.
Colorado had a total non-farm employment of 2,241,100 workers during October, according to the U.S. Department of Labor
Bureau of Labor Statistics. This is up from 2,240,100 workers during September, but a 4.3 percent decrease from last year.
While the
Denver-Aurora-Broomfield area's October unemployment rate has not yet been released, the area also managed to add jobs last month. The area had a total non-farm employment of 1,202,000 workers during October, up from 1,201,900 workers during September, but a 3.9 percent decrease from last year.
Three industries managed to see a monthly increase in employment, including trade, transportation and utilities by 1,700 jobs; education and
health services by 700 jobs; and government by 1,800 jobs. Employment in the other services industry remained flat at 47,000 jobs.
Only two industries saw an increase in employment when compared to last year. The education and health services industry employed 138,600 workers during October, up from 137,900 workers during September and a 2.1 percent increase from last year. The government industry employed 180,200 workers during October, up from 178,400 workers during September and a 2 percent increase from last year.
The mining, logging and construction industry took the biggest hit when compared to last year. The industry employed 76,300 workers during October, down from 76,900 workers during September and a 15.4 percent decrease from last year.
Other industries that saw an over-the-year decrease in employment include:
manufacturing by 7.6 percent
information by 5.4 percent
financial activities by 4.3 percent
professional and business services by 4.7 percent
leisure and hospitality by 2.9 percent
other services by 3.7 percent
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