Unemployment Falls in Most Metro Areas, Colorado Mixed
Unemployment rates fell in more than 80% of the nation’s largest metro areas last month. But the news is still mixed in Colorado.
The latest Metropolitan Area Employment and Unemployment report from the U.S. Labor Department is being viewed as another sign that a recent pick up in hiring is widespread. More than 200,000 jobs were added in March and February marking the fastest two-month hiring spree in five years.
Colorado’s unemployment rate for March was 9.2% compared to 9.7% during the same time last year. Unemployment rates also fell in Ft. Collins, Boulder and Denver. Greeley, Colorado Springs, Grand Junction and Pueblo still have unemployment figures in the double-digits.
Nationally, the unemployment rate dropped to a two year low of 8.8% last month and has gone down a full percentage point since November.