Colorado's unemployment rate has dropped for the fourth consecutive month to 8.5 percent in June 2011 according to the Colorado Department of Labor and Employment.

"With Colorado's unemployment rate below the national rate, Colorado may continue to be seen as a desirable location for job seekers. This may in turn impact overall household formation in Colorado and the demand for housing." reported Ryan McMaken at the Colorado Division of Housing.

In the Rocky Mountain States, Colorado has the third highest unemployment levels.  Idaho and Arizona are higher at 9.4 percent and 9.3 percent, respectively.

Statewide, the Boulder and Fort Collins metro areas fall well below the national rate.  Both areas are home to our two biggest State Universities.

Read the full article at CDOH.

photo credit: carianoff

Posted in Mortgage, Real Estate Market Conditions

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