Colorado unemployment in September dips to 8.0%

Written By Unknown on Jumat, 19 Oktober 2012 | 23.27

 Colorado's unemployment rate decreased to 8.0 percent in September, down two-tenths of one percentage point from August's unemployment rate of 8.2, the Colorado Department of Labor and Employment said Friday.

This compares with the national unemployment rate of 7.8.

Nonfarm payroll jobs increased 7,000 from August to September to 2,300,200 jobs, according to a survey of business establishments.

Private sector payroll jobs increased 4,400 and government increased 2,600.

Alexandra Hall, chief economist for the Colorado Department of Labor, said she didn't want to get "too excited" about the addition of 7,000 jobs.

But "on the other hand if you look at it along with the trend over the past six months, it brings us up to a good average of 1,600 jobs a month over that period" which is "very slow, but very steady," she added.

Hall said the over the month increase in payroll jobs was driven in large part by greater than expected seasonal gains in private and public sector educational services.

"This month in particular we had greater job growth than we usually expect this time of year in educational services both in the private sector and also at the state level," said Hall.

"So education and the changes we will see due to the school year getting back into session actually produced a greater job growth than we expected."

The decrease in unemployment was caused by a larger increase in the number of people reporting their status as employed than the increase in those actively participating in the labor force.

Over the year, the average workweek for all employees on private nonfarm payrolls increased from 34.6 to 35.5 hours and average hourly earnings increased from $23.87 to $24.88.

The largest over the month private sector job gains were in education and health services, trade, transportation and utilities, and other services.

The largest over the month decline was in manufacturing.

Over the year, nonfarm payroll jobs increased 37,300. Private sector payroll jobs increased 34,400 and government increased 2,900.

Over the year, the unemployment rate declined two-tenths of one percentage point from 8.2 percent in September 2011.

The number of Coloradans participating in the labor force decreased 800, total employment increased 4,200 and the number of unemployed decreased 5,000.

Howard Pankratz: 303-954-1939, hpankratz@denverpost.com or twitter.com/howardpankratz

Copyright 2012 The Denver Post. All rights reserved.

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