There is good news on the Colorado job front. The Colorado Department of Labor and Employment released its unemployment figures on Friday and the news is encouraging. The state’s jobless rate fell a half percentage point in August, to 7.3 percent. This is the lowest number since February and it contradicts the upward trend of national unemployment rate of 9.7 percent, which inched up last month.
The report also revealed that unemployment decreased in 62 of Colorado’s 64 counties in August. Many sectors even added jobs, including in government (no surprise here), leisure, hospitality, and “other services.”
While a 7.4 percent unemployment rate is hardly a positive piece of news, the underlying story is hopeful for the Denver real estate market, and for the entire state of Colorado. For more information on the economy in Colorado, and in the Denver area, please contact TeamCox Realtors – your Denver real estate specialists – at 303-400-6060.
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