Colorado Labor Department: Economy Growing Faster Than Other States

DENVER (CBS4)– The Colorado Department of Labor says the state’s economy is growing faster than that of the rest of the nation. The state unemployment rate declined to 3.5% in May.

File photo of a person holding money. (Photo by JUAN BARRETO/AFP/Getty Images)

Nationally, that number was slightly higher at 3.6%.

The report states that industries like hospitality, manufacturing and business services added more than 1,000 jobs last month.