Colorado's Unemployment Rate Drops Slightly

By: Associated Press
By: Associated Press

Colorado's unemployment rate has dropped slightly for the first time this year. May's jobless rate was 5.8%. The state labor department says the rate indicates stability in the labor market. There were 135,100 people out of work in May of last year.

That number had jumped to 143,300 last month. The biggest employment gains during May occurred in construction, government, and professional and business services.

Each posted gains of 3,500 jobs. Temporary help services posted the third monthly increase in a row. April's unemployment rate was also revised to 5.9% percent, down from 6%.

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