State Unemployment Drops Below Five Percent

Alaris Properties, LLCColorado’s unemployment rate dropped to 4.7 percent in September, the lowest rate since June 2008, and the state added 14,600 payroll jobs from the previous month.

It’s the first time in more than four years that Colorado unemployment has been under 5 percent. Meanwhile, the payroll job gain last month was nearly double the state’s average monthly increase of 5,617 over the last 12 months.

Hickenlooper issued a statement half an hour after these numbers were issued.

“The fact that Colorado has now had 35 consecutive months of payroll job gains; the fact that in the last four years Colorado’s unemployment rate has dropped from 9.1 percent to 4.7 percent… [is] a testament to the resilience, the work ethic, and to the innovative spirit of Coloradans all across this incredible state,” he said, adding that “now is not the time to become complacent or take anything for granted. Now is the time to keep at it, to seize momentum.”

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