Boulder County’s unemployment rate continues decline, hits 6.7 percent
By Michael Hughes November 30, 2009
81,000 people have dropped out of the Colorado workforce since last October 2008 when it was 2.7 million. The workforce is; the number of people with jobs or looking for work. At the same time, state officials say that some of Colorado’s biggest industries added jobs in October. Government added 7,300 more jobs and 1,900 were added in education and health services. Some of the job additions will be due to seasonality. “The main reason our unemployment has been falling is because of people dropping out of the labor force,” said Alexandra Hall, the chief economist for the Department of Labor and Employment. The dwindling labor force may be attributed to people who are frustrated and quitting their job search or are going back to school for degrees or advanced degrees. Boulders’ unemployment rate is much better than the overall state which sits at about 7 percent. Jobless rates in Boulder and Broomfield counties continue to decline while the national unemployment rate is 10.2 percent.
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