State unemployment rate jumps to 4.1%
December 21, 2007
DENVER ” Colorado’s unemployment rate climbed four-tenths of a percentage point to 4.1 percent in November, pushed by high gasoline prices and a late start for ski resorts, state officials said Friday.
The November rate matched the highest this year, set in January, said Donald Mares, director of the state Department of Labor and Employment.
Adjusted for seasonal factors, the number of Coloradans with jobs declined by 2,900 last month to about 2.6 million.
The number who couldn’t find work jumped 9,500 to just under 111,000.
The trade, transportation and utilities sector added 8,900 jobs in November because of seasonal hiring in retail.
It was the only sector to add more than 1,000 positions in November. Government employment added 900, education and health services added 500, financial activities also added 500, information 400 and natural resources and mining 300.
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Leisure and hospitality payrolls were essentially flat over the month.
Construction lost 3,200 jobs, considered a normal seasonal decline.
Colorado’s total nonfarm employment has risen by 43,200, or 1.9 percent, since November 2006. Slightly more than 70 percent of that growth came in three sectors: professional and business services, 13,200; trade, transportation and utilities, 9,000; and education and health services, 8,700.
The national unemployment rate held steady in November at 4.7 percent.