Colorado Employment Situation – November 2013
Russ Baldwin | Dec 20, 2013 | Comments 0
Nonfarm payroll jobs increased 4,200 over the month from October to November to 2,378,900 jobs, according to the survey of business establishments. Private sector payroll jobs increased 2,900 and government increased 1,300. According to the survey of households, the unemployment rate decreased three tenths of a percentage point in November to 6.5 percent. This is the lowest unemployment rate since reaching 6.1 percent in December 2008. The last time the unemployment rate changed three tenths of a percentage point in one month was when it increased from 8.1 percent in April 2009 to 8.4 percent in May 2009.
The number of people participating in the labor force decreased 5,800 over the month and the number of people reporting themselves as employed increased 2,700. The decline in the labor force and increase in total employment caused the number of unemployed to decrease 8,500 and the unemployment rate to decrease to 6.5 percent.
The national unemployment rate decreased to 7.0 percent.
Over the year, the unemployment rate declined one and one tenth of one percentage point from 7.6 percent in November 2012. The number of Coloradans participating in the labor force decreased 3,900, total employment increased 28,100 and the number of unemployed decreased 32,000. The national unemployment rate declined from 7.8 percent in November 2012 to 7.0 percent in November 2013.
The unemployment percentages for southeast Colorado are as follows:
Nov 2013 Unemp Oct 2013 Nov 2012 Unemp
Baca 3.9 76 4.0 3.9 86
Bent 8.2 154 8.3 8.7 182
Kiowa 3.9 31 3.8 4.3 38
Kit Carson 4.1 163 4.1 4.5 197
Las Animas 8.8 652 8.8 10.5 843
Crowley 9.8 162 10.2 10.6 179
Otero 8.0 705 8.0 9.0 804
Prowers 5.3 325 5.3 6.3 407
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