2011 metro-area unemployment drops across state

Metro-area unemployment across Colorado dropped significantly during 2011, signalling a grinding but sure recovery from the Great Recession, which in effect lasted much longer than December 2007 to June 2009, the officially designated downturn caused by the financial crisis and housing bubble. The U.S. Bureau of Labor Statistics reports the (preliminary) state unemployment rate reported in December 2011 was 7.9 percent, down from 8.6 percent in  December 2010. But statistics show four of the state’s seven metropolitan districts, including Denver/Aurora/Broomfield,  still were reporting 9.0 percent unemployment  or higher (Pueblo was still at 9.8 percent) and only Boulder’s rate had dropped below 6 percent (5.8 percent) in December of last year.

For a chart on unemployment in Colorado’s seven metro regions click here.

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