“However, Colorado’s year-over-year growth rate has been slower than the nation’s for the past 11 months,” he said in an email, sharing this chart that maps out where Colorado has ranked for job growth. More Coloradans are working or looking for work and there are still plenty of job openings. The state also reported a low April unemployment rate, at 2.8%, which was unchanged from March and near the all-time low of 2.4% just before the pandemic. The numbers are tough to make sense of, he added. When the first-quarter revisions come in next week, economists will have a better idea of answering “is this an actual decline or is the Establishment Survey, because it’s survey based and are estimates, just kind of missing the mark,” said Gedney said, taking the wait and see if the state’s jobs really hit the wall.īrian Lewandowski, an economist at University of Colorado, called the April jobs report “dismal,” but “consistent with the labor reports over the last several months - Colorado’s job growth is slowing.” After revisions came in, the loss was just 1,700.
In March, the state said 4,700 jobs were lost. (AP Photo/Jeff Chiu, File)īut as with any preliminary data, revisions will likely be made as they have been already this year, Ryan Gedney, principal economist at the state Department of Labor and Employment, said during a news conference Friday.
The collapse of Silicon Valley Bank and Signature Bank, and the bailout of First Republic, was a jolt for small businesses of all stripes, spurring many to scrutinize their banking services and mull whether or not they should make changes to ensure their money is safe. People stand outside of an entrance to Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. Job gains were offset by losses in industries like finance, which include banks and insurance, which shed 1,400 jobs last month. More than half of the 7,200 new jobs were in the leisure and hospitality industry, according to the Establishment Survey from the Bureau of Labor Statistics.
What’s Working: Colorado’s April job growth is the best in 12 months, but it’s slower than the nation’s - The Colorado Sun CloseĪfter several lackluster months, preliminary data shows that Colorado employers added more jobs in April than they have in the past 12 months.
0 kommentar(er)
