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

Colorado monthly unemployment rate chart from 1990 to March 2023

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