Denver – Colorado’s unemployment rate fell 0.2 percentage point to 3.6 percent in March, the lowest level in nearly six years.
The rate compares with 3.8 percent in February of this year and 4.4 percent in March 2006, the state Labor and Employment Department reported today.
Total employment and unemployment both fell from the previous month, officials said. The number of employed Coloradans fell 12,200 to 2.57 million, adjusted for normal labor force movements.
The number of unemployed residents fell 3,800 to 97,300.
In March 2006, 2.51 million Coloradans were working and 114,700 were unemployed.
“While job gains during the state’s economic recovery have been only moderate by historical standards, unemployment has still fallen steadily over the past four years,” said Donald Mares, executive director of the labor department.
The previous lower monthly unemployment rate was 3.5 percent in June 2001.
