Market Features

Colo. Jobless Rate Dips To 6.9 Percent In October

 

Adjusted for seasonality, though, the number of jobs added in the last month throughout the state was about 1,000, Hall said. Most of those jobs were in professional and business services, which could be legal services and engineering and accounting firms, and leisure and hospitality.

Hall said although consumer confidence is continuing to increase, it may still be several months before the labor market recovers from the recession.

"I think there's still a lot of uncertainty about what kind of footing we are in the economy when it comes to employment," Hall said.

A drop in oil prices and investment in the oil and gas industry has affected the unemployment rate in counties in the state's Western Slope, as well as in northern and southern Colorado. Counties along the Front Range have been affected by declines in the construction sector. The Eastern Plains, where the majority of counties have agriculturally based economies, have not been as affected by unemployment as the rest of the state.

>To order reprints of this article, click here: Reprints

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 14.47
Oil *
98.65
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
1.34
10 Yr
1.45%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-8.48%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet