Private-sector employers in the state failed to grow their payrolls in January, a disappointing start to the new year, but revisions show the state’s unemployment rate was much lower than first thought in 2022, according to a delayed labor update,
Private-sector employers in the state failed to grow their payrolls in January, a disappointing start to the new year, but revisions show the state’s unemployment rate was much lower than first thought in 2022, according to a delayed update from the Colorado Department of Labor and Employment.
“Weather could have been a factor in the lack of job growth. It was a cold and snowy January,” said Ryan Gedney, a senior economist with the CDLE, during a news call on Monday. “About half of the sectors posted declines, and there was weak job growth in most other sectors. The most notable areas of concern were financial activities and construction. These declines are likely, based on real GDP and employment data and the headwinds they are facing,” said Broomfield economist Gary Horvath, who described the January numbers as disappointing.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alabama’s unemployment rate holds steadyAlabama’s preliminary, seasonally adjusted January unemployment rate stood at 2.6%, unchanged from December 2022′s revised rate, and also unchanged from January 2022′s rate, according to an announcement today from Gov. Kay Ivey’s office.
Read more »
Oil giant Saudi Aramco reports historic $161 billion profit in 2022Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and...
Read more »
Anti-Trump GOP voters mostly loyal in 2022, but not entirelyRep. Lauren Boebert’s grip on Colorado’s 3rd Congressional District didn’t seem in question heading into last year’s midterms. But in the end, the congresswoman who gained a…
Read more »
Zoë Kravitz Skipped the 2023 Oscars—Here's What We Know So FarThe 'Batman' star's last appearance was at the 2022 ceremony.
Read more »
Saudi Aramco posts massive $161 billion profit in 2022 amid record oil pricesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Female suspect in 2022 Akron murder arrested in MexicoLeslie Lopez, 26, is accused of shooting and killing a 26-year-old man in January 2022.
Read more »