Colorado Adds Over 11K Jobs, Yet Unemployment Rises

· Jul. 21, 2015, 7:04 pm

Colorado added more than 11,000 jobs between May and June. That’s more than twice the job growth from the previous two months. 

Even so, fewer Coloradans reported being employed in June, raising the state’s unemployment rate one tenth of a percent to 4.4 percent. Low oil prices are keeping jobs down in Colorado’s oil industry. But the state’s Chief Economist, Alexandra Hall, says other areas are making up for it.

"What we’re seeing is that job growth in general is strong enough that we are able to overcome the declines in oil and gas with growth in other sectors," Hall explained.

She says construction, education, financial services and manufacturing are all showing strong job growth compared to this time last year.

The biggest gains were in the leisure and hospitality industries. And the job growth includes pretty much the entire state, says Colorado’s Chief Economist Alexandra Hall.

Some rural areas, including Jackson County in northern Colorado, and Hinsdale County in the southwest are not seeing the same job growth as the rest of the state. 

You care.

You want to know what is really going on these days, especially in Colorado. We can help you keep up.  The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!