The Colorado Department of Labor and Employment said Tuesday the state’s jobless rate fell four-tenths of a percentage point in September from August levels and is down nearly 2 percentage points from the September 2013 rate of 6.6 percent.
It’s the first time in more than four years that Colorado unemployment has been under 5 percent. (See the table at the end of this story for unemployment data for the last several years.)
Meanwhile, the payroll job gain last month was nearly double the state’s average monthly increase of 5,617 over the last 12 months.
Private business added a net 14,700 jobs to their payrolls, while government and public school districts shed a net 100 jobs, CDLE said.