Labor census: Mesa County payroll estimates likely to edge up

While labor estimates likely will be revised downward statewide, payrolls are expected to edge up in Mesa County according to the latest results of a quarterly survey.

Estimated nonfarm payrolls for Colorado are expected to be revised downward a tenth of a percent in April and four-tenths of a percent for May and June, according to census of employment and wages for the second quarter.

In Mesa County, estimated nonfarm payrolls are expected to increase a tenth of percent for April and May, with no change expected for June.

The Colorado Department of Labor and Employment estimates nonfarm payrolls based on the results of surveys of businesses. Those estimates are subsequently compared with quarterly unemployment insurance reports employers are required to file. Employers must report the number of people employed by the firm for each month of the quarter.

While only firms with employees covered by unemployment insurance have to file the reports, the quarterly census covers about 98 percent of nonfarm payrolls and 88 percent of total employment in Colorado.

Applying the census results through October, the latest month for which labor estimates are available, there were an estimated 2,736,300 nonfarm payroll jobs in Colorado. That’s a year-over-year increase of 59,500 jobs, or 2.2 percent.

In Mesa County, there were an estimated 64,400 nonfarm payroll jobs, a year-over-year increase of 1,300 jobs or 2 percent.

The statewide seasonally adjusted unemployment rate stood at 3.2 percent in October, up two-tenths of a point from October 2017.

The seasonally unadjusted jobless rate stood at 3.6 percent in Mesa County in October, up from 3.4 percent for the same month last year.

Elsewhere in Colorado, payroll estimates for the second quarter are expected to be revised upward for Boulder and Denver, but revised downward for Colorado Springs, Fort Collins and Pueblo. Little change is expected for Greeley.

Industry sectors expected to undergo an upward revision to payroll estimates for the second quarter include construction, education and health services, financial services and information.

The industry sectors expected to undergo a downward revision to payroll estimates include leisure and hospitality, manufacturing, mining and logging and professional and business services. Payroll estimates also could be revised downward for the trade, transportation and utilities sector.