GRAND JUNCTION, Colo. (KREX) — State officials say Colorado’s economy didn’t just roar back from COVID-19…it’s currently the 4th strongest economy in the entire country, with the nation’s number 1 workforce.
According to a survey by the Colorado Department of Labor and Employment…the state’s unemployment rate fell to 3.4% — making it the lowest rate since February 2020, when it was 2.8%.
Officials are attributing the low percentage to the Colorado Labor Force growing by 8,200 just last month.
The share of Coloradans participating in the labor force improved to 69.5 percent — making it the highest rate since March 2020.
The number of people employed in Colorado increased by 11,000 — which represents 67.1 percent of the state’s population. State officials say Colorado’s employment-to-population rate is at its highest level since January of 2009. Colorado employers also added 4,500 non-farm payroll jobs. A few of the counties with the highest employment rates right now are Pueblo, Fremont, Las Animas, Otero, Rio Grande, and Mesa.