Colorado employers added 2,200 workers on a seasonally-adjusted basis between June and July, the smallest month-over-month change since 2020 and far below the increase expected given national job g…
Colorado employers added 2,200 workers on a seasonally-adjusted basis between June and July, the smallest month-over-month change since 2020 and far below the increase expected given national job gains last month, according to a monthly update from the Colorado Department of Labor and Employment.
On the plus side, June job counts were revised to a gain of 7,800 rather than the original estimate of an increase to 4,500, evidence that hiring held up much better than initially thought. And the state’s unemployment rate fell from 3.4% in June to 3.3% in July, staying below the U.S. rate of 3.5%. “It is possible, but not a guarantee that we will see an upward revision,” Gedney said on a news call Friday morning, noting that leisure and hospitality, which reported only 700 jobs on the month, was a likely candidate for a big bump.
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