Colorado's unemployment rate ticks up to 2.9 percent

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Published Saturday, March 25, 2023
by Derek Draplin

(The Center Square) - Colorado's unemployment rate ticked up to 2.9 percent in February, according to state data released Friday.

That's up from 2.8 percent unemployment in January. Nationally, the unemployment rate last month was 3.6 percent, up from 3.4 percent in January.

"Colorado's unemployment rate has remained below 3.0 percent for 10 consecutive months and remains at pre-pandemic levels," the Colorado Department of Labor and Employment said in a news release.

Between January and February, employers in the state added 6,200 nonfarm jobs, according to the CDLE.

An analysis by the Common Sense Institute, a free-enterprise think tank, said the jobs added last month showed "a return to steady employment growth after a loss in January."

"Though the [Bureau of Labor Statistics] initially reported a net gain of 800 jobs in January, revisions reduced the estimate to a net loss of 700 with a loss of 3,500 in the private sector," CSI added. "Colorado was one of only four states to lose jobs in January."

Colorado's labor force participation rate also increased in February by .2 percent - or 10,700 people - to 68.3 percent. may earn an affiliate commission if you purchase products or services through links in an article. Prices, when displayed, are accurate at the time of publication but may change over time. Commissions do not influence editorial independence.

The Kiowa County Press is an independent newspaper published in Eads, Kiowa County, Colorado, and to the world at