- Chronic Pain & Wellness
- Chronic Pain & Wellness
Colorado’s unemployment rate — at 2.3 percent — remains at historic low level that no other state is beating
Colorado’s unemployment rate in May stayed at 2.3 percent, maintaining its lowest-ever level — and the lowest nationally — as jobs in the private sector grew and government employment in the state fell slightly.
The number of people actively participating in the labor force increased 14,200 over the month to 2,959,700 and the number of people reporting themselves as employed increased 15,100 to 2,892,300. That dropped the number of people reporting unemployment by 900.
The national unemployment rate decreased one-tenth of a percentage point in May to 4.3 percent, according to the Colorado Department of Labor and Employment.
The state says private sector jobs increased 11,500 and government decreased 900.
The largest private sector job gains were in trade, transportation, and utilities, education and health services, and leisure and hospitality. The largest declines were in professional and business services, and manufacturing, according to the labor department.
The state’s record-low unemployment rate is a mark visited only four other times by any state in recent U.S. history.
The rate is so low, it is acting like an anchor on the state’s economy, leaving thousands of jobs unfilled and hurting the ability of businesses to meet customer demands, economists warned.
Colorado’s unemployment rate has been steadily dropping since February, when it was at 2.9 percent. In May 2016, the level was 3.4 percent.
The state says nonfarm payroll jobs have increased by 62,000 over the past 12 months, with 54,300 of those coming in the private sector and 7,700 in government. Trade, transportation, utilities, leisure and hospitality, education and health services have seen the largest gains in Colorado, while manufacturing, mining and logging declined over the year.
The U.S. Department of Labor reports nine states saw unemployment rate decreases last month.
The state with the next-lowest unemployment rate in May was North Dakota, at 2.5 percent.
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Health Professional Radio - Interview with Dr. Peter Abaci
We’ve always known that the MELT Method helps relieve low back pain and that we feel better every time we MELT, but now we have actual scientific proof that MELT works!
At the root of inflammation is the body’s ability to protect itself. It’s a biological “take control and protect” reaction. It is at the heart of our immune system.
By Dr. Peter Abaci
Please join us for the 2016 Stanford Back Pain Education Day taking place on September 11, 2016 at Cemex Auditorium on Stanford University campus.