Colorado’s economy grows under Polis administration

DENVER — Colorado’s economy continues to grow significantly outpacing the United States while unemployment numbers have dropped, according to Governor Jared Polis and the Colorado Department of Labor and Employment.

Industries such as hospitality, manufacturing, profession and business services added over 1,000 good-paying jobs in May while the state’s unemployment rate declined to 3.5 percent, said the Polis administration.

“Colorado’s strong economy continues to grow faster than the rest of the country, with more and more good-paying jobs for Coloradans as we continue our hard work to save people money and lower the costs of everyday items,” said Polis.

The Governor’s Office said strong growth in the labor force participation rate and employment-population ratio continues for a fifth straight month.

Colorado’s labor force participation rate increased to 69.4 percent in May. This marked the first time since 2012 the state’s rate exceeded 69 percent for two straight months.

“Colorado remains the best place to live, work, and run a business, and our rapid job growth and plummeting unemployment rates continue to show our strength,” stated Polis. 

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