Employers in Colorado added 3,200 nonfarm payroll jobs from June to July for a total of 2,241,500 jobs, according to the survey of business …
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Employers in Colorado added 3,200 nonfarm payroll jobs from June
to July for a total of 2,241,500 jobs, according to the survey of
business establishments. Government declined by 900 payroll jobs
and the private sector added 4,100.
At 8.5 percent, the unemployment rate was unchanged from the
previous month based on household survey results. The labor force
decreased by 7,600 to 2,674,400 and total employment decreased
5,300 to 2,447,900 causing the number of unemployed to drop 2,300.
While the number of unemployed and labor force declined, the ratio
of unemployed to the labor force remained unchanged as reflected in
the unemployment rate. The national unemployment rate decreased
from 9.2 to 9.1 percent over the same period.
Over the year, the average workweek for all employees on private
nonfarm payrolls increased from 34.7 to 34.8 hours and average
hourly earnings increased from $23.70 to $23.77.
The largest over the month private sector job gains in July were
in leisure and hospitality, professional and business services, and
manufacturing. The largest declines were in construction, and
trade, transportation and utilities.
Over the year, nonfarm payroll jobs increased 18,600 with an
increase of 23,000 in the private sector and a decline of 4,400 in
government. The largest private sector job gains were in leisure
and hospitality, education and health services, and professional
and business services. The largest declines were in construction,
financial activities, and information.
Over the year, the unemployment rate is down three-tenths of one
percentage point from 8.8 percent in July 2010. The number of
Coloradans participating in the labor force declined 8,500, total
employment increased 1,600 and the number of unemployed decreased
10,100. The national unemployment rate declined from 9.5 to 9.1
percent from July 2010 to 2011.
All Colorado estimates from the establishment and household
surveys, including greater geographic detail, are available at:
http://lmigateway.coworkforce.com/lmigateway. Estimates for all
states and the nation are available at: http://www.bls.gov.
The August 2011 Colorado Employment Situation will be released
on Sept. 16.
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. Other series
based on this survey include private sector average weekly hours,
average hourly earnings and average weekly earnings.
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 business establishment survey covers about seven times the
number of households surveyed and is therefore considered a more
reliable indicator of economic conditions. Because the estimates
are based on two separate surveys, one measuring jobs by worksite
and the other measuring employment and unemployment by household,
estimates based on these surveys may provide seemingly conflicting
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