Colorado Unemployment
According to the BLS current population survey (CPS), the unemployment rate for Colorado fell 0.1 percentage points in March 2023 to 2.8%. The state unemployment rate was 0.7 percentage points lower than the national rate for the month. The unemployment rate in Colorado peaked in May 2020 at 11.6% and is now 8.8 percentage points lower. From a post peak low of 2.6% in August 2022, the unemployment rate has now grown by 0.2 percentage points. You can also see Colorado unemployment compared to other states.
Unemployment Rate | March 2023 | Month/Month | Year/Year |
---|---|---|---|
National | 3.5% | -0.1 | -0.1 |
Colorado | 2.8% | -0.1 | -0.5 |
Note: All comparisons are made with March data as April state level unemployment data has not yet been released.
Unemployment Rate: Colorado, National
Note: Recessions shown in gray
Colorado Unemployed
The number of people unemployed in Colorado peaked in May 2020 at 360,803. There are now 269,755 fewer people unemployed in the state. From a recent trough of 83,483 in August 2022, the number of unemployed has now grown by 7,565. Colorado job growth data is also available.
Unemployed Persons | March 2023 | Month/Month | Year/Year |
---|---|---|---|
Colorado | 91,048 | -1,656 | -13,753 |
Number of Unemployed Persons
Colorado Unemployment History
Date | National Unemployment Rate |
Colorado Unemployment Rate |
Colorado Unemployed |
---|---|---|---|
April 2023 | 3.4% | — | — |
March 2023 | 3.5% | 2.8% | 91,048 |
February 2023 | 3.6% | 2.9% | 92,704 |
January 2023 | 3.4% | 2.8% | 90,436 |
December 2022 | 3.5% | 2.8% | 89,130 |
November 2022 | 3.6% | 2.8% | 90,091 |
October 2022 | 3.7% | 2.8% | 90,735 |
September 2022 | 3.5% | 2.8% | 88,338 |
August 2022 | 3.7% | 2.6% | 83,483 |
July 2022 | 3.5% | 2.7% | 86,888 |
June 2022 | 3.6% | 2.8% | 90,170 |
May 2022 | 3.6% | 2.9% | 94,133 |