Colorado added 1,500 nonfarm job between July and August, nevertheless it was authorities employers who did the heavy lifting when it got here to hiring, in response to a month-to-month replace Friday from the Colorado Division of Labor and Employment.
Non-public sector payroll jobs had been flat, whereas the general public sector added 1,500 jobs. August is often the month when faculty districts get energetic once more for the brand new faculty yr and produce employees again.
The report estimated 5,900 folks joined the labor pressure in August, however that solely 900 extra reported themselves as employed in comparison with July. That added 5,000 to the unemployment depend and pushed up the unemployment charge to 2.9 % in August, up from 2.eight %. A yr in the past, the unemployment charge in Colorado was additionally 2.9 %
Month-to-month estimates are sometimes revised. July’s estimate of two,800 jobs added was upgraded to 4,500 within the August report. For the yr, Colorado has added a sturdy 72,200 jobs, with the strongest features coming in skilled and enterprise companies, leisure and hospitality, and commerce, transportation, and utilities.
Over the yr, the typical workweek for all workers on non-public nonfarm payrolls elevated from 33.eight to 33.9 hours and common hourly earnings elevated from $27.46 to $28.89.