El Paso County’s unemployment rate dropped to 3.8 percent in January, according to the latest figures from the Department of Labor and Employment.
That’s a tenth of a percentage point drop from December’s rate of 3.9 percent, figures show. And in January 2015, the Colorado Springs MSA had an unemployment rate of 5.8 percent.
Statewide, employers added 5,200 new jobs from December to January. Private sector jobs increased by 4,300 and government positions increased by 900. The state’s unemployment rate dropped to 3.2 percent, figures show.
Boulder’s unemployment rate is 2.5 percent, while Fort Collins logs in with a rate of 2.8 percent. Denver’s metropolitan statistical area that includes Denver, Aurora and Lakewood has an unemployment rate of 3 percent. Grand Junction’s unemployment rate is 5.7 percent, up from December’s rate of 5.4 percent. Pueblo’s unemployment rate is 4.7 percent, a drop of .2 percent from December, and considerably lower than January 2015’s rate of 7 percent.
More good news: The number of people actively participating in the workforce increased as well, according to news from the Colorado labor department.
The number of people actively participating in the labor force increased 11,500 to 2.8 million and total employment increased 19,400 to 2.75 million, causing the number of unemployed to decline 7,900. Average hourly earnings in the state increased from $26.64 to $27.32.
The largest over the month private sector job gains were in professional and business services, leisure and hospitality, and manufacturing. The largest over the month private sector job declines were in education and health services and construction.
The national unemployment rate decreased to 4.9 percent in January.