Colorado employers went again into hiring mode in March, including 6,100 nonfarm jobs on a month-to-month foundation, an enormous enchancment from the revised 300 added in February, in line with an replace Friday from the Colorado Division of Labor and Employment.
A giant bounce in hiring and an enormous drop within the variety of folks getting into the workforce pushed the unemployment price down to three.5 % from 3.7 % in February. The U.S. unemployment price in March was 3.eight %.
The majority of the positive factors, about 4,200 jobs on a seasonally adjusted foundation, got here in skilled and enterprise companies. Instructional and well being companies added 1,700 jobs, whereas authorities added 800.
The largest declines in employment final month got here in leisure and hospitality, which shed 1,300 jobs; monetary actions, which shed 800 jobs; and development, which was down 300 on a seasonally adjusted foundation.
“It’s excellent news that (skilled and enterprise companies) is on the high of the checklist as a result of many of those jobs are within the high-tech business,” stated Broomfield economist Gary Horvath. However he expressed considerations concerning the softness development hiring, given all the massive tasks within the pipeline.