Tag: job growth
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Colorado gained jobs in April, but workforce participation lowest since August 2020
Colorado added 11,800 jobs in April even as the state’s unemployment rate remained unchanged, the Colorado Department of Labor and Employment reported Friday. Private sector payroll jobs increased by 12,000 while government jobs decreased by 200, the department said. The jobless rate remained at 3.9%, below the national rate of 4.3%. Last year, the state…
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Colorado EDC approves incentives to bring new fabrication facility to El Paso County
A mechanical contracting and systems engineering company is considering opening a new fabrication facility in Monument, north of Colorado Springs. The Colorado Economic Development Commission approved up to $453,000 in Strategic Fund incentives to the unnamed company labeled as “Project Cobalt” on Thursday. The EDC often does not disclose company names to protect confidentiality throughout…
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Colorado EDC seeks to lure remote company considering going back to office in Denver
A primarily remote company based in California is looking to transition to an office model and is looking to Denver for its in-person presence. The Colorado Economic Development Commission approved more than $2.1 million in job growth tax incentives to an unnamed company labeled as “Project Sweet Summit” on Thursday. The EDC often does not…
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EDITORIAL: Colorado’s government — employer of last resort?
Colorado’s Common Sense Institute released an eye-opening report on job creation last spring, and it was doubly alarming. It shed light not only on the challenges faced by our state’s employers in putting people to work — but also on how government is growing out of control. According to the institute’s report, Colorado posted a…
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Colorado saw more jobs last month, as unemployment across U.S. rose slightly
During a month that saw U.S. unemployment rise marginally, Colorado saw its own unemployment rate drop to 4.2%, with another 4,200 Coloradans joining the workforce, according to the latest tally by the state’s Department of Labor and Employment. A household survey by the agency calculated 64.6% of the state’s age-16-plus population was on the job…
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Colorado economic indicators a mixed bag in the second quarter, new report finds
Colorado’s key economic indicators were mixed for the second quarter, according to a report released Monday by the University of Colorado Boulder and the Colorado Secretary of State. Job growth is up, but so is unemployment. Inflation is cooling, yet prices remain high. The number of new businesses registering with the state dropped, though the…
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Midyear report: Colorado’s economy sees steady gains across the board
Halfway through 2024, Colorado’s economy remains resilient in some areas while exceeding expectations in others, new data finds. The University of Colorado Boulder released its midyear economic update Thursday which found slight increases in the state’s growth domestic product (GDP), employment and overall population. “Based on both the quantitative and qualitative information we have received…
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Colorado unemployment inches up to 3.5%, but job growth among strongest in U.S.
Colorado’s unemployment rate inched up in February to 3.5% from 3.4%, according to data released Friday from the Colorado Department of Labor and Employment. The state saw the number of unemployed grow about 4,200 people. The state is still below the national average, which increased by two-tenths of a percentage last month to 3.9%. “It’s…
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Government jobs growth leads Colorado in 2023, report shows
Unemployment in Colorado ticked up to 3.4% in January from 3.3% in December, according to the latest numbers available from the Colorado Department of Labor and Employment released Monday. Colorado’s jobless rate increased slightly over 12 months from 3%, but has consistently stayed below the national average of 3.7%. December’s original unemployment level was reported…
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Government jobs growth leads Colorado in 2023, report shows
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Unemployment in Colorado ticked up to 3.4% in January from 3.3% in December, according to a report released Monday by the Colorado Department of Labor and Employment. The state’s jobless rate increased slightly over 12 months from 3%, but has consistently stayed below the national…