SAN LUIS VALLEY – In August 2020, unemployment rates for the San Luis Valley(SLV), Colorado and the nation continued to decline.
Recently released Colorado unemployment figures from the Colorado Department of Labor and Unemployment (CDLU) for August 2020 indicate that the unemployment rate in the San Luis Valley (SLV) continues to decline and to fare better than the statewide and national unemployment rates.
The average unemployment rate for Colorado dropped from 7.4 percent in July to 6.6 percent in August. Nationwide the unemployment rate dropped from 10.2 percent in July to 8.4 percent in August. In the San Luis Valley among the 21,657 labor force there were 20,305 employed and 1,352 unemployed equaling 6.2 percent unemployed. In July 2020 the SLV unemployment rate was 6.6 percent.
The SLV county with the lowest unemployment rate in August 2020 was Mineral County with 3.9 percent unemployment. Conejos County unemployment dropped from 6.1 percent in July to an August percentage of 4.7 percent. Alamosa County dropped from 6.1 percent to an August number of 5.9 percent. Rio Grande County was unchanged from July to August with 6.8 percent unemployed.
Saguache County was also unchanged from July with a 7.5 percent unemployment rate. Costilla County once again had the highest unemployment rate in the SLV with 7.9 percent unemployed which was also unchanged from July.