Colorado unemployment dips to historic low of 2.3 percent

DENVER, Colo. — A forecast from the University of Colorado Boulder last December showed Colorado’s unemployment rate was expected to rise from 3.5 percent to 3.9 percent this year.

But the state’s labor markets have taken an unexpected turn, as Colorado’s unemployment rate has dipped to a historic low of 2.3 percent in April and stayed there in May and June, according to The Denver Post.

Associate director of the Business Research Division at the Colorado Leeds School of Business Brian Lewandowski says Colorado employment in 2017 is now projected to increase by 55,800, or 2.2 percent.

University of Colorado Boulder forecasters in December were calling for the addition of 63,400 jobs, which represented a 2.4 percent rate of growth.


 

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