Weld County’s unemployment rate rises slightly, but still among state’s lowest
June 16, 2017
MSA May / April / May 2016
Boulder 2.1 percent / 1.8 percent / 2.7 percent
Colo. Springs 2.7 / 2.5 / 3.6
Denver-Aurora-Lakewood 2.3 / 2.1 / 3.0
Fort Collins 2.0 / 1.8 / 2.7
Greeley (Weld County) 2.3 / 2.0 / 3.4
Grand Junction 3.3 / 3.2 / 5.2
Pueblo 3.6 / 3.2 / 4.6
Source: Colorado Department of Labor and Employment
Weld County's unemployment rate rose three-tenths of a percentage point from April, but it still remains one of the lowest in the state, according to new numbers released Friday by the state Department of Labor and Employment.
According to the survey of households, Weld County's unemployment rate rose to 2.3 percent, up from 2.0 percent the previous month, but down from the prior year's 3.4 percent. Fort Collins' unemployment rate rose slightly to 2.0 percent, making it the lowest unemployment rate in the state, according to the state numbers.
The statewide unemployment rate was unchanged from April to May at 2.3 percent. The number of people actively participating in the labor force increased 14,200 over the month to 2.95 million people and the number of people reporting themselves as employed increased 15,100 to 2.89 million, causing the number of unemployed to decrease 900, according to the release. Due to rounding, the unemployment rate was unchanged from April at 2.3 percent, the released stated.
The national unemployment rate decreased one-tenth of a percentage point in May to 4.3 percent, a decline of four-tenths of a percentage point from the same time last year, the release stated.
Overall, Weld County in May gained another 100 jobs in the mining, logging and construction sector over the month, bringing year-to-date totals to 1,000 for the biggest sector change for the year. The biggest monthly jobs jump came in the leisure and hospitality sector with the addition of 400 jobs; retail trade and professional and business services, each gained 200 jobs over the month.
Statewide, the largest over the month private sector job gains were in trade, transportation, and utilities, education and health services, and leisure and hospitality. The largest over the month declines were in professional and business services and manufacturing, the state reported.