Colorado unemployment rate goes up

10:24 AM, Jan 22, 2010   |    comments
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Alexandra Hall, the Chief Economist with the Colorado Department of Labor, says slower retail sales, and an unusually cold December are to blame.   In December of 2008, the unemployment rate in Colorado was 5.8 percent.

Employment increased in six of Colorado's eleven major industries, including leisure and hospitality, trade, transportation and utilities.  Education and health services and mining and logging also added jobs. Employment was down in construction, government, and professional and business services.

In the Denver metro area, the unemployment rate grew half a percent, from 7 percent in November to 7.5 percent in December. 

The number of people out of work was also up in Boulder and Fort Collins. In Boulder, the unemployment rate went from 5.5 percent in November to 5.8 percent in December.  And in Fort Collins, the rate went up from 5.8 percent in November to 6.2 percent in December.

Hall says there will be ups and downs during the economic recovery, and people who are looking for jobs should look at the big picture.

"It's to not let a number from one series, from one month really sway how you feel about what's going on. There are a lot of different things we look at and predominantly now most economic indicators we look at suggest that we are regaining our solid footing,"s he said.

According to the Bureau of Labor Statistics, the nation's unemployment rate remained unchanged at 10 percent.

(KUSA-TV © 2010 Multimedia Holdings Corporation)

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