Colorado’s unemployment rate dropped three-tenths of a percentage point to 4.9 percent in October as the economy remained stable, the Labor Department said today.
It compared with a 5.2 percent revised unemployment rate in September and 5.4 percent in October 2004, according to the Colorado Department of Labor and Employment.
The number of people in the work force last month was essentially unchanged at 2.2 million. The department said 41,600 more people were on the job than in October 2004.
Nine of the 11 major industry sectors posted job gains in seasonally adjusted year-over-year comparisons, led by the professional and business services, construction and government sectors.
Declines were recorded in trade, transportation and utilities and in financial activities.
