Colorado Employment Situation - July 2019
For Immediate Release
Date: August 16, 2019 - 8:00 A.M.
Contact: Office of Government and Public Relations
Phone: Cher Haavind at (303) 318-8003
Fax: (303) 318-8070
Employers in Colorado added 7,200 nonfarm payroll jobs from June to July for a total of 2,787,000 jobs, according to the survey of business establishments. Private sector payroll jobs increased 5,700 and government increased 1,500. June estimates were revised up to 2,779,800, and the over the month change from May to June was an increase of 8,500 rather than the originally estimated increase of 8,100.
According to the survey of households, the unemployment rate decreased one-tenth of a percentage point from June to July to 2.9 percent. The number of people actively participating in the labor force increased 5,800 over the month to 3,149,200 and the number of people reporting themselves as employed increased 9,400 to 3,058,600, causing the number of unemployed to decrease 3,600 and the unemployment rate to decline to 2.9 percent. The national unemployment rate was unchanged in July at 3.7 percent.
Over the year, the average workweek for all employees on private nonfarm payrolls decreased from 34.4 to 33.6 hours and average hourly earnings increased from $28.78 to $30.24.
The largest over the month private sector job gains were in leisure and hospitality, professional and business services, and educational and health services. There were no significant private sector over the month declines.
Over the year, nonfarm payroll jobs increased 52,700, with an increase of 48,500 in the private sector and an increase of 4,200 in government. The largest private sector job gains were in professional and business services, leisure and hospitality, and educational and health services. Financial activities declined over the year.
Over the year, the unemployment rate is down four-tenths of a percentage point from 3.3 percent. The number of Coloradans participating in the labor force increased 47,900, total employment increased 59,800 and the number of unemployed decreased 12,000. The national unemployment rate declined from 3.9 percent in July 2018 to 3.7 percent in July 2019.
All Colorado estimates from the establishment and household surveys, including greater geographic detail, are available at: http://www.colmigateway.com. Estimates for all states and the nation are available at: http://www.bls.gov.
The August 2019 Colorado Employment Situation will be released at 8:00 AM on Friday, September 20, 2019. The full schedule of release dates for calendar year 2019 estimates is available at http://www.colmigateway.com.
Nonfarm payroll jobs estimates are based on a survey of business establishments and government agencies, and are intended to measure the number of jobs, not the number of people employed. Other series based on this survey include private sector average weekly hours, average hourly earnings and average weekly earnings.
The unemployment rate, labor force, labor force participation, total employment and the number of unemployed are based on a survey of households. The total employment estimate derived from this survey is intended to measure the number of people employed.
The business establishment survey covers about seven times the number of households surveyed and is therefore considered a more reliable indicator of economic conditions. Because the estimates are based on two separate surveys, one measuring jobs by worksite and the other measuring persons employed and unemployed by household, estimates based on these surveys may provide seemingly conflicting results.