Colorado’s Unemployment Rate Lower Than National One
Although there has been much gloom and doom surrounding the national economic picture lately, TeamCox Realtors continues to look on the bright side. The Colorado Department of Labor announced today that Colorado’s unemployment rate rose to 5.7 percent in October. While this is not great news, this figure is well below the national unemployment rate of 6.5 percent. Keep in mind, this means that 94.3 percent of Coloradoans are employed.
Denver’s economy is faring much better than in most cities, mainly because of its diverse industry base. The Denver real estate market’s bubble also did not expand, as quickly as in other cities, so the local economy hasn’t suffered as badly compared as other cities’ economies. Please keep this in mind as you watch the ultra-depressing cable news shows.
For more information on the state of Colorado’s economy, please contact TeamCox Realtors at 303-400-6060.
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