BizWest reports great news: unemployment is dropping as regional job growth is building.
For the first time since May of 2007, Boulder County’s unemployment rate was below 3% along with Larimer County hitting 3%, Weld hitting 3.6% and Broomfield hitting 4%. These exciting numbers come straight from the Colorado Department of Labor and Employment’s survey of households.
These new numbers were a direct result of Colorado adding 300 nonfarm payroll jobs, marking three full years of gains. Overall, the state’s unemployment rate has gone from 4.7% in September to 4.3% in October.
Nationally, the unemployment rate dropped from 7.2% in 2013 to 5.8% in 2014.