The Colorado Springs area has the third-highest unemployment rate in the state — but it’s not as grim as it sounds.
The local Metropolitan Statistical Area’s unemployment rate is at 4 percent for December. Currently, there are 9,324 job openings advertised online in El Paso County, according to information from the Colorado Department of Labor and Employment.
Grand Junction has the highest rate of unemployment at 5.9 percent, with Pueblo coming in second with an unemployment rate at 4.9 percent. Greeley’s unemployment rate is 3.3 percent, and Denver’s is 3.1 percent. Fort Collins has an unemployment rate of 2.8 percent and Boulder comes it at 2.6 percent.
Economists say that total employment has been reached when the numbers drop below 5 percent, and recent studies show that there are more jobs advertised in the city than people looking for work.
Statewide, the unemployment rate dropped in December to 3.5 percent, according to the latest figures from CDLE.
Companies added 10,700 new jobs from November to December, bringing the state job total to more than 2.5 million jobs. The national unemployment rate was unchanged for the time period, at 5 percent.
The biggest industry employment gains were construction, leisure and hospitality and manufacturing. The only decline was in mining and logging. In the Colorado Springs area, the jobs that are projected to grow between 2014 and 2024 are: social assistance, ambulatory health care, construction, crop production, specialty trade contractors and beverage and tobacco manufacturing.
For all of 2015, the state unemployment rate dropped from 4.2 percent and is currently at the lowest level since April 2007.