Department of Numbers

Colorado Unemployment

According to the BLS current population survey (CPS), the unemployment rate for Colorado fell 0.1 percentage points in November 2022 to 3.5%. The state unemployment rate was 0.1 percentage points lower than the national rate for the month. The unemployment rate in Colorado peaked in May 2020 at 11.8% and is now 8.3 percentage points lower. From a post peak low of 3.3% in July 2022, the unemployment rate has now grown by 0.2 percentage points. You can also see Colorado unemployment compared to other states.

Unemployment Rate November 2022 Month/Month Year/Year
National 3.6% -0.1 -0.6
Colorado 3.5% -0.1 -0.8

Note: All comparisons are made with November data as December state level unemployment data has not yet been released.

Unemployment Rate: Colorado, National

Colorado monthly unemployment rate chart from 1990 to November 2022

Note: Recessions shown in gray

Colorado Unemployed

The number of people unemployed in Colorado peaked in May 2020 at 366,505. There are now 252,883 fewer people unemployed in the state. From a recent trough of 107,471 in July 2022, the number of unemployed has now grown by 6,151. Colorado job growth data is also available.

Unemployed Persons November 2022 Month/Month Year/Year
Colorado 113,622 -2,702 -23,938

Number of Unemployed Persons

Monthly chart of total unemployed in Colorado from 1990 to November 2022

Colorado Unemployment History

Date National
Unemployment Rate
Colorado
Unemployment Rate
Colorado
Unemployed
December 2022 3.5%
November 2022 3.6% 3.5% 113,622
October 2022 3.7% 3.6% 116,324
September 2022 3.5% 3.4% 109,591
August 2022 3.7% 3.4% 111,878
July 2022 3.5% 3.3% 107,471
June 2022 3.6% 3.4% 111,682
May 2022 3.6% 3.5% 114,509
April 2022 3.6% 3.6% 116,483
March 2022 3.6% 3.7% 118,501
February 2022 3.8% 4.0% 127,172
January 2022 4.0% 4.2% 132,294