Unemployment rises in Colorado's largest metros
Colorado's biggest population centers ended 2024 with higher unemployment than last year, mirroring a national trend, per recent Labor Department data.
Zoom in: Metro Denver, Colorado Springs and Grand Junction all saw a 1.3-point rise in unemployment, with Greeley and Pueblo rising by 1.4 points.
Boulder and Fort Collins increased by 1.1 points, per the data.
Context: Local economists say Colorado's labor market remains strong despite the rising unemployment figures.
The state's labor force participation ranked 4th in the country last fall, per an analysis from the Colorado Secretary of State's Office.
Yes, but: Across the state, unemployment rates are higher for Black Coloradans.
Zoom out: The unemployment rate was higher in December 2024 compared to December 2023 in 266 of 389 metro areas, according to the latest U.S. Bureau of Labor Statistics data.
Put another way, nearly 70% of metros ended 2024 with higher unemployment compared to how they began the year.
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Boston Globe
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Yahoo
5 hours ago
- Yahoo
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