Colorado Employment Situation – October 2011

Nonfarm payroll jobs in Colorado increased by 8,800 from September to October to 2,254,700 jobs, according to the survey of business establishments. Government added 900 payroll jobs and the private sector added 7,900. 

According to the survey of households, the unemployment rate decreased two-tenths of a percentage point to 8.1 percent. 

The number of people actively participating in the labor force increased 16,300 to 2,697,700 and total employment increased 19,100 to 2,478,000 causing the number of unemployed to decline 2,800. The national unemployment rate declined one-tenth of one percentage point over the same period to 9.0 percent. 

The largest over the month private sector job gains in October were in professional and business services, leisure and hospitality, and construction. The largest decline was in manufacturing. 

Over the year, nonfarm payroll jobs increased 32,700 with an increase of 31,400 in the private sector and an increase of 1,300 in government. The largest private sector job gains were in leisure and hospitality, professional and business services, and trade, transportation and utilities. The largest declines were in construction, information, and financial activities. 

Unemployment percentages for southeast Colorado counties: 

                                Oct 2011               Sept 2011            Oct 2010 

Baca                       3.7                          3.6                          3.9
Bent                        7.8                          7.3                          7.0
Kiowa                     3.9                          3.9                          4.0
Kit Carson             4.3                          4.4                          4.5
Las Animas           8.2                          8.1                          8.7
Crowley                 8.2                          8.2                          9.7
Otero                     8.2                          8.0                          8.0
Prowers                5.8                          5.8                          6.0 

The figures translate to 204 jobless in Kit Carson County, 716 in Las Animas County, 768 in Otero and 387 in Prowers Counties.



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