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The November 2019 Colorado Employment Situation will be released at 8a
on Friday, December 20, 2019.
The full schedule of release dates for calendar year 2019 estimates is
available at: www.colmigateway.com
Nonfarm payroll jobs estimates are based on a survey of business estab-
lishments and government agencies, and are intended to measure the
number of jobs, not the number of people employed.
Other series based on this survey include private sector average weekly
hours, average hourly earnings and average weekly earnings.
The unemployment rate, labor force, labor force participation, total em-
ployment and the number of unemployed are based on a survey of house-
holds. The total employment estimate derived from this survey is intended
to measure the number of people employed.
The business establishment survey covers about seven times the number
of households surveyed and is therefore considered a more reliable indica-
tor of economic conditions.
Because the estimates are based on two separate surveys, one measur-
ing jobs by worksite and the other measuring persons employed and
unemployed by household, estimates based on these surveys may provide
seemingly conflicting results.
(source: www.colmigateway.com)
There were no significant private sec-
tor over the year declines.
Over the year, the unemployment
rate is down one percentage point
from 3.6 percent.
The number of Coloradans partici-
pating in the labor force increased
36,600, total employment increased
66,600 and the number of unem-
ployed decreased 30,000.
The national unemployment rate
declined from 3.8 percent in October
2018 to 3.6 percent in October 2019.
All Colorado estimates from the es-
tablishment and household surveys,
including greater geographic detail,
are available at: www.colmigateway.
com
Estimates for all states and the na-
tion are available at: www.bls.gov
CO Unemployment Tied For Lowest Since 1976
Colorado unemployment rate decreased in October down to 2.6 percent
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Colorado Employment Situation:
Over the year, the unemployment
rate is down one percentage point
November 19, 2019, 8a: Employers in
Colorado added 3,100 nonfarm payroll
jobs from September to October for a
total of 2,791,500 jobs, according to
the survey of business establishments.
Private sector payroll jobs increased
4,200 and government decreased
1,100.
September estimates were revised
down to 2,788,400, and the over the
month change from August to Sep-
tember was a decrease of 2,600 rather
than the originally estimated decrease
of 1,900.
According to the survey of households,
the unemployment rate decreased one-
tenth of a percentage point from
2019 DEC/JAN #10-6
September to October to 2.6 percent.
This is tied for the lowest unemployment rate since the series began in
1976.
The number of people actively participating in the labor force increased
4,600 over the month to 3,164,800 and the number of people reporting
themselves as employed increased 6,300 to 3,081,300, causing the number
of unemployed to decrease 1,700 and the unemployment rate to decline to
2.6 percent.
The national unemployment rate increased one-tenth of a percentage point
in October to 3.6 percent.
Over the year, the average workweek for all employees on private nonfarm
payrolls decreased from 33.3 to 33.0 hours and average hourly earnings
increased from $29.55 to $30.58.
The largest over the month private sector job gains were in trade, transpor-
tation and utilities, financial activities, professional and business services
and educational and health services. The largest over the month declines
were in leisure and hospitality and construction.
Over the year, nonfarm payroll jobs increased 52,700, with an increase of
43,800 in the private sector and an increase of 8,900 in government.
The largest private sector job gains were in professional and business ser-
vices, educational and health services and trade, transportation and utilities.