Colorado

Apr 19, 2011 1:32 PM by Greg Boyce

Colorado unemployment rate drops slightly

DENVER (AP) - Colorado labor officials say the state unemployment rate dipped to 9.2 percent in March, as employers added about 500 nonfarm payroll jobs over the month.

The unemployment rate was 9.3 percent in February.  The state labor department also said Tuesday that Coloradans are earning slightly more per hour and working slightly more hours per week than a year ago.

It says about 2.44 million Coloradans are working, down from 2.46 million in March 2010, when the unemployment rate was 9 percent. About 246,000 Coloradans are looking for work, up from nearly 244,000 a year ago.

Nationally, the unemployment rate fell to a two-year low of 8.8 percent in March, down from 9.7 percent in March 2010

Economists say that Colorado was late to enter the recession and has been behind the nation in recovering.

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