Employers in Colorado added 4,100 nonfarm payroll jobs from October to November for a total of 2,796,800 jobs, according to the latest survey of businesses from the Colorado Department of Labor & Employment.
Private sector payroll jobs increased by 3,100 during the month, and government jobs increased by 1,000.
October estimates were revised, and the over-the-month change from September to October was an increase of 4,300 jobs rather than the originally estimated increase of 3,100.
According to the survey of households, the unemployment rate was unchanged from October to November at 2.6 percent.
The number of people actively participating in the labor force increased 5,600 over the month to 3,170,400, and the number of people reporting themselves as employed increased 6,700 to 3,088,100, causing the number of unemployed to decrease 1,200.
In Colorado Springs, the number of people active in the labor force in November was 363,147, up from 356,109 in November 2018. The number of people reporting themselves employed was 353,117, up from 341,101 in November 2018.
Due to rounding, the statewide unemployment rate was unchanged from October at 2.6 percent. The national unemployment rate decreased one-tenth of a percentage point in November to 3.5 percent.
Colorado Springs’ unemployment rate was 2.9 percent in November, up from 2.8 percent in October 2019 and down from 4.2 percent in November 2018.
Over the year, the average work week for all employees on private nonfarm payrolls increased from 33.0 to 33.2 hours, and average hourly earnings increased from $29.56 to $30.55.
The largest over-the-month private sector job gains were in educational and health services, trade, transportation, utilities and financial activities. The largest over-the-month decline was in leisure and hospitality.
Over the year, nonfarm payroll jobs increased 57,100, with an increase of 46,000 in the private sector and an increase of 11,100 in government.
The largest private sector job gains were in professional and business services, educational and health services, and financial activities. There were no significant private sector over-the-year declines.
For the year, the unemployment rate was down one percentage point from 3.6 percent. The number of Coloradans participating in the labor force increased 40,900; total employment increased 72,500, and the number of unemployed decreased 31,600.
The national unemployment rate declined from 3.7 percent in November 2018 to 3.5 percent in November 2019.
Nonfarm payroll jobs estimates are based on a survey of business establishments and government agencies, and are intended to measure the number of jobs, not the number of people employed.
The unemployment rate, labor force, labor force participation, total employment and the number of unemployed are based on a survey of households. The total employment estimate derived from this survey is intended to measure the number of people employed.
The December 2019 report will be released Jan. 24.