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