Colorado’s Unemployment Rate Declines Under Polis Administration, Remains Below National Average

DENVER — Today, Governor Jared Polis and the Colorado Department of Labor and Employment announced that Colorado’s unemployment rate declined in November to 3.5%. Colorado’s unemployment rate remains below the national unemployment rate of 3.7%. Colorado’s strong labor market added 4,300 good-paying jobs in November in industries including education and health services, financial activities, and professional and business services, and job growth continues to outpace the U.S.

“Colorado’s strong job growth and now even lower unemployment rate continue to outpace national levels as we continue to bring good-paying jobs to Coloradans and save people money. Coloradans are hard at work with opportunities across industries, and we remain focused on reducing costs and putting money back into the pockets of hardworking Coloradans, making sure Colorado remains the best place to live, work, and do business,” said Gov. Polis. 

Colorado’s strong job recovery rate of 122% remains above the national rate of 104.7%. Over the past year, Colorado’s strong job growth rate has continued to outpace the national rate of job growth at 3.7% in Colorado and 3.3% nationally, as more good-paying jobs continue to be available to Coloradans.