More people entered workforce than employers could create jobs for
It was an extraordinary run for Colorado’s labor market in 2018. Unemployment hovered around 3 percent for the whole year, with 75,400 new jobs and substantial wage growth.
The unemployment rate ended the year rising to 3.5 percent in December. The Colorado Department of Labor & Employment says that’s due to more people entering the workforce than employers can create jobs for.
That should provide some relief for companies struggling to fill positions.
Read the rest of the story at Colorado Public Radio.
