July & August jobs update

Nationwide

Here are the latest numbers, with revisions, since April:

Month Change Employment Unemployment Rate
Apr. +112,000 135,017,000 4.7%
May +100,000 135,117,000 4.6%
June +134,000 135,251,000 4.6%
July +123,000 135,374,000 4.8%
Aug. +188,000 135,562,000 4.7%
Sept. +51,000 135,613,000 4.6%

April was revised downward from +126,000 to +112,000. May was revised upward from +75,000 to +100,000. June was revised upward from +124,000 to +134,000. July was revised upward from +113,000 to +123,000.

Job growth has been moderate this year. September’s job performance looks low, but given past history it’s likely to be revised up later. And there have been months in the last couple years where job growth has been this low, but it’s picked back up again the next month.

Colorado

Here are the latest numbers, with revisions, since April:

Month Change Employment Unemployment Rate
Apr. -1,100 2,263,100 4.3%
May +1,400 2,264,500 4.5%
June +5,100 2,269,600 4.5%
July +7,200 2,276,800 4.7%
Aug. +5,800 2,282,600 4.8%

April was revised down quite a bit, from +500, as reported earlier, to -1,100. May went unchanged. June was revised up quite a bit from +1,300 to +5,100.

Colorado has gained 33,000 jobs above and beyond the benchmark set in Dec., 2000.

Denver Metro Area

Here are the latest numbers, with revisions, since April:

Month Change Employment Unemployment Rate
Apr. +9,900 1,205,100 4.4%
May +10,500 1,215,600 4.4%
June +11,700 1,227,300 4.9%
July -7,000 1,220,300 4.8%
Aug. +1,600 1,221,900 4.8%

April was revised downward from +10,100 to +9,900. May remained unchanged. June was revised down from +14,500 to +11,700. 

Growth was going very well from April through June. The increases in employment went up to what used to be about average for the area.

Denver is down 17,800 jobs from its benchmark set in Dec., 2000.

Boulder County

Here are the latest numbers, with revisions, since April:

Month Change Employment Unemployment Rate
Apr. +500 162,700 3.6%
May +1,000 163,700 3.7%
June -500 163,200 4.2%
July -2,600 160,600 4.1%
Aug. -600 160,000 4.1%

April was revised downward form +600 to +500. May remained unchanged. June was revised upward from -1,000 to -500 jobs.

Boulder County took quite a fall in July, and August didn’t help, yet our unemployment rate actually decreased.

Boulder County is down 11,500 jobs from its benchmark set in Dec., 2000.

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