Latest news with #LocalAreaUnemploymentStatistics
Yahoo
21-04-2025
- Business
- Yahoo
Colorado had one of the highest unemployment rate increases in March 2025: report
DENVER (KDVR) — Colorado had one of the highest unemployment rate increases from March 2024 to March 2025, according to a new monthly report from the U.S. Bureau of Labor Statistics. The report, released Friday, measures employed and unemployed people in the U.S. using a sample survey of households conducted for the Bureau of Labor Statistics by the U.S. Census Bureau as part of the Local Area Unemployment Statistics program. The report also found that in March 2025, Colorado tied as the state with the seventh-highest unemployment rate. Hundreds of federal workers in Colorado file for unemployment amid budget cuts According to the report, Colorado's unemployment rate jumped 0.8% from 4% in March 2024 to 4.8% in March 2025. Only two states, Michigan and Mississippi, had a higher increase, and Arizona tied Colorado with a 0.8% increase as well. Colorado's 4.8% unemployment rate also put the state into the top 10, which includes Washington, D.C. and Puerto Rico. Here are the states, districts and territories with the highest unemployment rates in March 2025: Rank State Unemployment rate 1 Nevada 5.7 2 Washington, D.C. 5.6 3 Michigan 5.5 3 Puerto Rico 5.5 5 California 5.3 6 Kentucky 5.2 7 Colorado 4.8 7 Illinois 4.8 7 Ohio 4.8 7 Rhode Island 4.8 According to the data, Colorado had 156,539 unemployed people in March 2025, a nearly 30,000-person increase from the same time in 2024. The national unemployment rate, according to the report, was 4.2% in March 2025. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Axios
11-02-2025
- Business
- Axios
Black Coloradans face double the unemployment rate of white workers
Black Coloradans face an unemployment rate twice as high as white residents, per an Axios Denver analysis of data from the Economic Policy Institute (EPI). Why it matters: Colorado's strong labor market masks a persistent racial disparity that traditional job reports often overlook. By the numbers: As of the third quarter of 2024, white workers in Colorado had an unemployment rate of 3.4%, while Black workers' rate was doubly high, at 6.8%, according to figures from the EPI, a nonpartisan think tank. With the state's overall unemployment rate at 4%, Black Coloradans experience a gap that is 2.8 percentage points higher than the statewide average. Zoom out: Colorado has the 11th-largest Black unemployment gap in the country, an Axios Denver analysis found. The widest gaps appear in Kentucky (6.1 percentage points), Washington, D.C. (5.2), and Ohio (4.8). Delaware (0.8), Mississippi (0.8) and Maryland (0.9) have the smallest. How it works: EPI's estimates are based on a combination of Local Area Unemployment Statistics and Current Population Survey data. The big picture: The national Black unemployment gap is about the lowest it's been since at least late 1978 — the earliest period included in EPI's estimates. National Black unemployment hit an all-time low in 2023 and remains historically low amid a surprisingly equitable post-COVID economic recovery. The bottom line: Despite recent progress, Black workers in Colorado and across the country continue to face a steeper climb toward job security than their white counterparts.
