County's jobless rate declines/ Employment grows by 2.3 percent; pace quicker than was predicted

From: Colorado Springs Gazette Telegraph | Date: March 16, 1990| Author: Jeff Thomas; Gazette Telegraph | Copyright information

El Paso County's unemployment rate plunged to 5.8 percent in January, the lowest level in 4 1/2 years.

Statistics released Thursday by the state Department of Labor and Employment also show that county employment grew by 2.3 percent in 1989. That pace was quicker than economists had predicted for the year.

January's jobless rate, adjusted to account for seasonal factors, was more than a full point less than December's 6.9 percent rate. In January 1989, the mark was 7.2 per...