Colorado's unemployment rate drops to 7.7% in November
Last Updated: 349 days ago
DENVER - Colorado's unemployment rate dropped two tenths of one percentage point in November to 7.7 percent.
The decrease in the unemployment rate was caused by a larger decline in the number of people actively participating in the labor force than the decline in the number of people reporting their status as employed, according to the Colorado Department of Labor and Employment.
The national unemployment rate also decreased two tenths of one percentage point over the same period to 7.7 percent.
State labor officials said nonfarm jobs in Colorado increased 8,000 from October to November. Private sector payroll jobs increased 7,000 and government jobs were up 1,000 during the month-long period.
The department said Friday more than 2.3 million people were employed in Colorado at the end of November.
Over the year, the unemployment rate declined three tenths of one percentage point from 8.0 percent in November 2011.
The number of Coloradans participating in the labor force decreased 11,400, total employment decreased 3,600 and the number of unemployed decreased 7,800.
The national unemployment rate declined from 8.7 percent in November 2011 to 7.7 percent in November 2012.
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