By Tamara Chuang | The Colorado Sun
Colorado’s unemployment rate rose to 4.4% last month, up one-tenth of a percentage point and the highest in three years. At the same time, there are fewer job openings and fewer people filing to start a new business.
While that seems like the opposite direction state officials prefer, there were some positives and additional context to better understand what happened, Secretary of State Jena Griswold said during a news conference Monday.
“Job and GDP growth numbers are encouraging and indicate the economy is stabilizing after several years of inflation,” Griswold said. “Colorado remains in a strong economic position and the state and national outlook is positive.”