July 16, 2024 8:27 am
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Local News

Labor market remains stable in Colorado


The Colorado Department of Labor and Employment recently released its January jobs report for the Centennial State. Unemployment in the state increased by 0.1 percent, reaching 3.4 percent in January. It has remained below 4% since February 2022.

Despite the minor uptick in unemployment, employers in Colorado added 8,000 nonfarm jobs from December 2023 to January 2024. Professional and business services added 4,800 jobs while the manufacturing sector added 1,700 jobs.

Since this time last year, wages in the state increased from $35.90 to $37.23, two dollars and sixty-eight cents more than the national average hourly earnings of $34.55.

To read the full jobs report, click here.