Local News

Unemployment rate hits four year low in Co. Springs

Unemployment rates hit four year low in Co. Springs

COLORADO SPRINGS, Colo. - Unemployment numbers fall to a four year low in Colorado Springs despite the start of sweeping federal budget cuts. The US Bureau of Labor Statistics reported the unemployment rate has dropped for nine consecutive months to 8.3 percent in March. All good news, but local experts say you should still be prepared.

The Pikes Peak Workforce Center said it might be too soon to see how sequestration is affecting jobs.

 "We have hopes that we won't be affected that much, but we are just now starting to see that," said Traci Marques, a business specialist with the Pikes Peak Workforce Center.

"We have a lot of young people moving into the workforce, and a lot of people retiring from the workforce. So, there will be a whole transition there as well," said Tom Binnings with Summit Economics.

If you need a job this is a good time to look, but don't just count on the internet to find one.

"Don't just sit behind a computer and do your job search, but go out and meet people, network and volunteer," said Marques.

Later this month the Pikes Peak Workforce Center will have a new report on local unemployment numbers.

Friday Xerox and FedEx will be at the Pikes Peak Workforce Center hiring people from 9 to 4.

comments powered by Disqus

Must See Videos

  • Back in time: One of the worst days in Thunderbird history
  • One arrested in deadly shooting in Pueblo
  • Police arrest suspect in Thursday shooting in Colorado Springs
  • Former Fountain Valley employee accused of smoke bomb appears in court