DENVER — Employers in Colorado are paying staff much less whereas growing the period of time they’re on the clock, in accordance with knowledge launched Monday by the Colorado Division of Labor and Employment.
Over the yr, the typical workweek for all staff on personal nonfarm payrolls elevated from 33.four to 33.eight hours and common hourly earnings decreased from $27.forty one to $26.70.
Whereas wages are taking place, extra jobs are being added. Employers in Colorado added 50,200 jobs over the yr, with the most important improve within the personal sector. The most important personal sector job positive aspects have been in schooling and well being providers, leisure and hospitality, and professional and enterprise providers. Mining and logging, and manufacturing declined over the yr.
Over the yr, the unemployment price is down 5-tenths of a proportion level from three.four % and is on the lowest degree because it was 2.eight % in February 2001.