2019’s unemployment rate could tie for Grand County’s lowest
With 11 months reported, Grand County’s 2019 unemployment is at 2.2%. If this continues to hold, it will tie 2017 for the lowest annual rate in at least 30 years.
Not seasonally adjusted, the jobless rate for 2019 has held under 3% since January. In September, Grand County hit a record low monthly unemployment rate with 1.6% of the county’s labor force unemployed, equivalent to just 158 people.
November’s unemployment was 2.1%, which equates to 199 members of the workforce.
Ryan Gedney, senior economist for the Colorado Department of Labor and Employment, said it is possible for this downward trend to continue.
“If economic conditions are similar in 2020 as to what we’ve seen the past three years, then it may be possible that unemployment rates in Grand County trend slightly lower,” he said.
While less than 200 unemployed is good for workers, businesses in Grand have had to contend with employee shortages. The county did see an increase in the number of businesses this quarter, but there has been an overall decrease in the total number of businesses operating in the county this year.
Growth this quarter was seen in leisure and hospitality, along with construction. As of Dec. 30, there were 322 online job openings in Grand, with 81 of those postings from Winter Park Resort and its parents company, Alterra Mountain Company.
The top growing occupations in Grand are table waiting, food preparation and serving, retail, housekeeping and cashiering.
Also not seasonally adjusted, statewide unemployment for November sat at 2.6% while the country’s rate was 3.5%. Colorado’s annual unemployment, not including December, averages 2.8%.
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