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Colorado has the 9th worst economy among states in 3rd quarter

Colorado's unemployment rate has remained stagnant at around 6% for the past three months while the U.S. has reported a decrease from 7.9% to 6.7% over the same time frame

Colorado has gone from having the 10th-best economy among states in the second quarter to the ninth-worst economy in the third quarter, according to a U.S. Bureau of Economic Analysis report.

The report released last week reflected volatility involving what states reported in the second and third quarters.

Nevada went from the second-worst economy among states in the second quarter to the top economy in the third quarter. Tennessee went from the third-worst economy to second place, the Denver Post reported.

Colorado’s unemployment rate has remained stagnant at around 6% for the past three months while the U.S. has reported a decrease from 7.9% to 6.7% over the same time frame.

The government, healthcare, retail and information services industries underperformed in Colorado compared to the nationwide performance of those sectors.

Mining in the state, including oil and gas extraction, hindered gains in the third quarter.

Still, the size of the state’s economy is back to where it was in the summer of 2019.


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