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Colorado Employment Situation for November 2017

 

Employers in Colorado added 1,800 nonfarm payroll jobs from October to November for a total of 2,663,300 jobs, according to the survey of business establishments. Private sector payroll jobs increased 1,600 and government increased 200.

According to the survey of households, the unemployment rate increased two-tenths of a percentage point from October to November to 2.9 percent. The number of people actively participating in the labor force increased 14,300 over the month to 3,035,100 and the number of people reporting themselves as employed increased 8,700 to 2,948,200. The larger increase in the labor force than in total employment caused the number of unemployed to increase 5,600 and the unemployment rate to increase to 2.9 percent. The national unemployment rate was unchanged in November at 4.1 percent.

Over the year, the average workweek for all employees on private nonfarm payrolls was unchanged at 33.3 hours and average hourly earnings increased from $26.96 to $27.85.

The largest over the month private sector job gains were in construction.

Over the year, nonfarm payroll jobs increased 45,300, with an increase of 45,000 in the private sector and an increase of 300 in government. The largest private sector job gains were in professional and business services, leisure and hospitality, and trade, transportation, and utilities.

Over the year, the unemployment rate is down one-tenth of a percentage point from 3.0 percent. The number of Coloradans participating in the labor force increased 127,700, total employment increased 129,400 and the number of unemployed decreased 1,600. The national unemployment rate declined from 4.6 percent in November 2016 to 4.1 percent in November 2017.

The following figures are the unemployment percentages for southeast Colorado counties:

Nov 2017 Unemployed Oct 2017 Nov 2016 Unemployed
Baca 1.6 35 1.6 1.4

31

Bent

3.0 62 2.7 2.6 49
Cheyenne 1.9 23 1.6 2.1

22

Crowley

3.2 48 2.9 2.6 37
Kiowa 1.8 18 1.8 1.9

17

Kit Carson

1.8 82 1.7 1.8 78
Las Animas 4.2 268 3.6 3.9

238

Otero

3.9 339 3.6 3.7 304
Prowers 2.4 158 2.3 2.2

136

Filed Under: AgricultureConsumer IssuesCountyEconomyEmploymentFeatured

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