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Boulder County unemployment levels stay low

Labor force participation in Colorado higher than national average
unemployment  042020
(Getty Images)

Boulder County is heading into the fall and winter season with just 2.6% of workers unemployed.

According to the Colorado Department of Labor and Employment, 5,337 people in Boulder County were unemployed in August with nearly twice as many job openings. The state found that there are 9,518 job openings currently being advertised online in Boulder County.

The August numbers continue Boulder County’s steady decline in joblessness, which has dropped 38% since August of last year. The unemployment rate is lower than last year’s average of 3.2% and the pre-pandemic average of 4.3% in Boulder County.

The employers with largest number of job openings include the University of Colorado Boulder, Boulder Community Health, SCL Health and the St. Vrain Valley School District, according to the state. The top growing occupations in the county include fast food workers, retail salespersons, cashiers, wait staff and cooks.

Colorado’s seasonally adjusted unemployment rate increased by one-tenth of a percentage point to 3.4% from July to August, while the national unemployment rate went up by two-tenth of a percentage point to 3.7%. The state’s labor force grew by 7,700 in August with labor force participation matching the rate it was in March 2020.

The number of individuals employed in Colorado equals 67.2% of the state’s 16 and older population, unchanged from July, which is the highest level since January 2009. This outpaces the national unemployment to population ratio of 60.1%.