News - Local
Colorado unemployment rose in December
Posted: Jan 22, 2010 9:38 AM by Associated Press
Updated: Jan 22, 2010 9:38 AM
In the midst of the biggest retail time of the year, Colorado's unemployment rate rose in December.
Colorado's seasonally adjusted rate increased six-tenths of one percentage point to 7.5 percent in December. In December of 2008, the rate was 5.8 percent.
The Colorado Department of Labor and Employment says that the weak retail sector last month and a cold snap both played a role in the rising unemployment.
December in Colorado is typically a month of rising unemployment outside counties with ski resorts.
The annual average unemployment rate for 2009 in Colorado was 7.3 percent, an increase from 4.9 percent in 2008.
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