Colorado’s Unemployment Rate Keeps Dropping

Colorado's unemployment rate in September dropped to 6.4% from 6.7% in August as the household survey showed an increase of 63k more employed workers. While the employer survey showed only 13,400 new jobs created last month as the private sector added 20,800 new jobs last month, but the government shed 7,400 jobs last month. Since May CO has recovered 194k of the 342k jobs lost between February and April. This is a job recovery rate of 56.7%, which exceeds the national average of 51.5%.