State

Jun 18, 2010 1:52 PM by Greg Boyce

Colorado jobless rate hovers around 8 percent

The Colorado unemployment rate held steady at 8 percent in May.  That's slightly lower than 8.2 percent a year ago. The rate is adjusted for seasonal differences.

Colorado Department of Labor and Employment Executive Director Donald Mares said Friday that the labor market is still weak, although hiring by the U.S. Census Bureau provided about 7,600 temporary jobs in May.  There were about 213,800 unsuccessful job seekers in May, down from 225,000 a year ago, and about 2.45 million working Coloradans, which is down from about 2.5 million a year ago.

The construction industry added 1,500 jobs in May, but employment levels are still about 14 percent down from last year, at 112,400 jobs.

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