Colorado Unemployment

According to the BLS current population survey (CPS), the unemployment rate for Colorado fell 0.0 percentage points in November 2023 to 3.3%. The state unemployment rate was 0.4 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 8.3 percentage points lower. From a post peak low of 2.6% in August 2022, the unemployment rate has now grown by 0.7 percentage points. You can also see Colorado unemployment compared to other states.

Unemployment Rate	November 2023	Month/Month	Year/Year
National	3.7%	-0.1	+0.1
Colorado	3.3%	0.0	+0.5

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 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 252,943 fewer people unemployed in the state. From a recent trough of 83,483 in August 2022, the number of unemployed has now grown by 24,377. Colorado job growth data is also available.

Unemployed Persons	November 2023	Month/Month	Year/Year
Colorado	107,860	+1,914	+17,769

Number of Unemployed Persons