Colo. jobless rate rises again
DENVER — Colorado’s unemployment rate ticked up to 9.3 percent in February, even though the state added 3,000 nonfarm jobs.
The Department of Labor and Employment said the increase in jobs wasn’t enough to offset an increase in the number of people looking for jobs.
February’s jobless rate was 0.2 of a percentage point higher than January’s and 0.3 percentage point higher than a year ago.
The unemployment rate is based on a survey of households, while the number of jobs comes from a larger survey of employers and is likely more accurate, the department said.
The biggest job gains were in professional and business services; trade, transportation and utilities; and leisure and hospitality.
The biggest declines were in construction and financial services.
Colorado now has about 2.2 million jobs and about 2.7 million people in the labor force, including both employed and unemployed workers.
The national unemployment rate dropped from 9.0 to 8.9 percent in February.