Colorado Unemployment Situation for August 2014


Colorado Counties

Colorado Counties

Non farm payroll jobs decreased 700 over the month from July to August to 2,447,400 jobs, according to the survey of business establishments. Private sector payroll jobs decreased 700 and government was unchanged over the month.   According to the survey of households, the unemployment rate decreased two tenths of a percentage point in July to 5.1 percent.

The last time the Colorado unemployment rate was as low as 5.1 percent was September 2008.   The number of people participating in the labor force decreased 3,700 over the month and the number of people reporting themselves as employed increased 2,200. The increase in total employment and the decrease in labor force caused the number of unemployed to decrease 5,900 and the unemployment rate to decline to 5.1 percent.

The national unemployment rate decreased one tenth of a percentage point in August to 6.1 percent.   Over the year, the average workweek for all employees on private nonfarm payrolls decreased from 34.9 to 34.6 hours and average hourly earnings increased from $25.51 to $26.02.

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

Over the year, nonfarm payroll jobs increased 54,400. Private sector payroll jobs increased 49,400 and government increased 5,000. The largest private sector job gains were in education and health services, leisure and hospitality, and professional and business services. Financial activities and information declined over the year.

Over the year, the unemployment rate declined one and seven tenths of a percentage point from 6.8 percent in August 2013. The number of Coloradans participating in the labor force increased 48,800, total employment increased 92,100 and the number of unemployed decreased 43,300. The national unemployment rate declined from 7.2 percent in August 2013 to 6.1 percent in August 2014.

The unemployment percentages for southeast Colorado counties are as follows:


Aug 2014           Unemp              July 2014                Aug 2013          Unemp
Baca                       2.1                    55                           2.6                          3.5                       77
Bent                       4.6                  116                           5.3                          7.6                     165
Kiowa                    2.4                    25                          3.5                          3.7                       33
Kit Carson            2.9                  149                          3.5                         4.0                      172
Las Animas          6.1                  467                          7.0                        10.1                     767
Crowley                5.9                    98                          6.8                          8.6                    135
Otero                     6.6                 623                          7.5                         8.9                      797
Prowers                4.0                  277                         4.8                         5.6                      362

Filed Under: AgricultureBusinessChamber/Local BusinesscommunityCountyEconomyFeaturedGranadaHistoryHollyHot TopicsLamarMedia ReleaseProwers CountyTourismTransportationUtilitiesWiley


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