Colorado's December unemployment rate a historic low of 2.5 percent

Published: Jan. 25, 2020 at 11:17 AM MST
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Colorado's seasonally adjusted unemployment rate fell one-tenth of a percentage point to a historic low of 2.5 percent in December.

The Colorado Department of Labor and Employment says it's the lowest unemployment rate since a 1976 change in the way unemployment rates were calculated. The state reports just over 80,000 people out of a civilian labor force of 3.17 million people are searching for work. Colorado began 2019 with an unemployment rate of 3.6 percent.

The labor department says average hourly earnings increased from $29.88 to $30.77 over the past year.

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