Thinking of moving to Colorado and curious about the local economy? Good news! Colorado’s unemployment rate fell to 6.1 percent in January, its lowest point in more than five years, according to figures released Monday by the Colorado Department of Labor and Employment. The state’s jobless rate peaked at 9.1 percent in October 2010 and has declined almost without interruption ever since. The last time the unemployment rate was as low as 6.1 percent was December 2008.
Greeley posted the area’s greatest improvement, in which January’s jobless rate of 6.8 percent was down from 8.6 percent in the same month of 2013. Greeley had a non-seasonally-adjusted unemployment rate of 6 percent in December.