unemployment

Colorado’s economy did much better than first estimated when it came to adding jobs last year and hiring is off to a strong start in 2024, according to an update Monday from the Colorado Department of Labor and Employment. The U.S. Bureau of Labor Statistics initially reported Colorado employers adding 24,100 nonfarm jobs between December 2022 and December 2023, with the private sector adding only 1,100 jobs and the public sector adding 23,000. That worked out to a 0.8% growth rate, which lagged behind the U.S. rate of…

Nigeria’s unemployment rate rose to 5 per cent in the third quarter of 2023, the National Bureau of Statistics has said. The bureau said this in its Nigeria Labour Force Survey (NLFS) report for Q3 2023 released on Monday. The NBS said the rate is an increase of 0.8 per cent from Q2 2023 (4.2 per cent). “The unemployment rate increased significantly in Q3 2023 at 5.0 per cent. This is an increase of 0.8 per cent from Q2 2023,” the NBS said. A breakdown of the report showed that the labour force…

Unemployment is rising but still historically low, jobs remain plentiful in most industries, wages are up and the economy has withstood blow after blow without rolling over. So why does a sense of gloom pervade about where the economy is at and where it is headed? Blame inflation and high housing costs for the sense of malaise, said Henry Sobanet, chief financial officer and senior vice chancellor for administration and government relations at the Colorado State University Systems, at the 2024 Economic Forecast hosted by…

Colorado, accustomed to having one of the strongest rates of job growth of any state most years, found itself in an unfamiliar position last year of having one of the weakest in the country. Colorado’s 0.8% gain in nonfarm jobs, representing a gain of 24,100 positions between December 2022 and December 2023, ranked sixth lowest among states, according to the U.S. Bureau of Labor Statistics. Mississippi had the only decline in the U.S. at 0.7%, representing a net loss of 7,800 jobs last year. Rhode Island saw a 0.4% gain,…

The state’s private sector sat on the sidelines when it came to hiring workers as last year came to a close, according to a monthly update from the Colorado Department of Labor and Employment. Colorado added an anemic 300 nonfarm jobs in December, with private sector employers shedding 1,700 and governments adding 2,000. November counts, which had initially shown a decline of 700 jobs, were revised to show a loss of 2,500 jobs, all driven by the lack of private-sector hiring. For the full year, private sector employers…

Colorado employers shed 700 jobs last month, a decline that would have been much worse without some decent government hiring, according to a monthly update from the Colorado Department of Labor and Employment. Private sector employers cut their payrolls by 2,100 positions last month on a seasonally adjusted basis, while government employers added 1,400 jobs. October’s numbers were also revised lower, taking the original estimate of 1,500 jobs down to no jobs. “I am not surprised by the decrease in employment during…

Nigeria’s unemployment rate rose to 4.2 per cent in the second quarter of 2023, the National Bureau of Statistics has said. The bureau said this in its Nigeria Labour Force Survey (NLFS) report for Q2 2023 released on Thursday. The NBS said the rate is an increase of 0.1 per cent from the figure recorded in Q1 2023 (4.1 per cent). “The unemployment rate in Q2 2023 was 4.2 per cent, this is an increase of 0.1 per cent from the figure recorded in Q1 2023 (4.1 per cent),” the NBS said. A breakdown of the…

Colorado’s economy next year won’t be a bed of roses, with job gains running at their slowest pace since 2011 and commercial real estate under extreme stress. But neither will it be a bed of thorns, as inflation eases and a recession doesn’t set in, according to the 2024 Colorado Business Economic Outlook. “It is a slower-growth story. There are positive nuggets in there. We aren’t forecasting a recession and we expect a continued abundance of job opportunities for people,” said Brian Lewandowski, executive director of…

Colorado’s unemployment rate continued to tick up, and private-sector hiring turned negative again last month, according to an update from the Colorado Department of Labor and Employment on Friday. Employers in the state added 1,500 net new jobs last month, but governments did the heavy lifting, adding 1,700 jobs. One of the biggest surprises in the report came in downward revisions to September job counts, which turned an initial gain of 1,500 jobs into a decline of 100. “The weak data for October was not a surprise;…

By CHRISTOPHER RUGABER (AP Economics Writer) WASHINGTON (AP) — Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years. Tuesday’s report from the Labor Department showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing. Overall inflation was unchanged from September to October,…