(The Center Square) — Unemployment remained unchanged in Colorado in May, staying at 4.8%.
The number of unemployed individuals decreased by just 100 to 158,700 from April to May, according to a report from the Colorado Department of Labor and Employment.
This was the third consecutive month that unemployment in the state had stalled, pausing a consistent upward trend since 2022. Since then, the number of unemployed in Colorado has nearly doubled.
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“This unemployment rate is also the highest it has been since September 2021, when it was 4.9%, and 0.6 percentage points above the national rate of 4.2%,” said a report from the Common Sense Institute of Colorado. “Historically, Colorado’s unemployment level has usually sat below the national average.”
This makes it one of the states in the nation with the
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