Unemployment

Your Evening News - December 19th, 2014

17 hours ago

Colorado’s Unemployment Picture

Colorado’s unemployment rate continues to drop. New figures by the Department of Labor and Employment show the rate dropped to 4.1% in November. The national unemployment rate is 5.8%.

The last time the Colorado unemployment rate was as low as 4.1% was in January of 2008. The largest job gains were in the trade, transportation and utilities, financial, mining, logging and information sectors. Month-over-month declines were felt in the leisure and hospitality industry, as well as construction.

Governor Hickenlooper lauded the news but said more work needs to be done. He says his office wants to come up with “creative and effective ideas that will help support those still looking for work.”

Over the year, the unemployment rate fell from 6.3% in November 2013 to 4.1% last month. Total employment year-over-year increased by 117,000 and the number of people unemployed decreased by about 60,000.

21st Century Workforce

Interview with Secretary of Commerce Penny Pritzker.

Penny Pritzker, Walter Isaacson

Penny Pritzker is US secretary of commerce, since June 2013. Previously, she was CEO of PSP Capital Partners and has developed such diverse companies as Vi, The Parking Spot, and Pritzker Realty Group. During the Obama administration, Pritzker has served on the President’s Council for Jobs and Competitiveness and the President’s Economic Recovery Advisory Board. She is also a board member of Hyatt Hotels Corporation, Wm. Wrigley Jr. Company, Marmon Group, and LaSalle Bank Corporation. Much of Pritzker’s civic work focuses on public education. In 2012, she received the Woodrow Wilson Award for Public Service.

Elise Thatcher

There were about 4400 more jobs last November than previously thought. That’s according to the latest numbers from Colorado’s Department of Labor and Employment. Chief Economist Alexandra Hall says the update doesn’t increase the overall average number of jobs during the fourth quarter of 2012. But the update does show Colorado's job numbers appear to be accurately reflecting the state's economy.