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Colorado adds 1,400 jobs in March, but state still on track for annual job losses

Colorado Springs Gazette·Bernadette Berdychowski The Denver Gazette·26 days ago
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Colorado added 1,400 jobs to the economy in March, according to new state data. The Colorado Department of Labor and Employment reported the state had job growth in March and kept its unemployment rate at 3.9% amid a slowing labor market, according to its monthly report released Wednesday . The U.S. unemployment rate stood at 4.3% in March, with 7.2 million people unemployed, according to data from the Bureau of Labor Statistics. The state recorded its first annual job losses since the pandemic last year, as most industries across the state other than the health sector struggled to gain jobs. The state continued to record more job losses in February, but the report on Wednesday also announced that new data came in and showed that February estimates had more job losses in the previous month than originally believed, revising the estimates of 7,200 job losses to 7,500 jobs. Colorado recorded private sector job losses for five months over the last 13 months, the report said. Eight months recorded job gains.…

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