Denver’s unemployment price in December was 3.6%—ranked #11 highest out of 64 within the state.
Nationally, unemployment has leveled with pre-COVID charges, measuring between 3.5% and 4% for many of the previous two years. Bureau of Labor Statistics knowledge confirmed a 3.7% unemployment price in January. Beforehand, unemployment skyrocketed to 14.7% on the top of the COVID-19 pandemic in April 2020, and people charges remained elevated by way of late 2021.
Although nationwide unemployment has principally normalized, native economies differ broadly. Stacker used Bureau of Labor Statistics knowledge to research unemployment in Denver over time, and the way it stacks up inside Colorado and throughout the nation.
The unemployment price in Denver is 0.1 proportion factors under the nationwide stage, and 0.2 proportion factors above the state stage. It ranks #11 amongst counties in Colorado—ranked first by the preliminary December 2023 unemployment price, then breaking ties by the variety of unemployed folks. It trails behind Crowley County, with an unemployment price of three.8%, however surpasses Adams County (which has the identical unemployment price).
In actual phrases, it means an estimated 15,894 of Denver’s roughly 436,761 working residents are out of a job for the time being. That’s 671 greater than final month and 4,417 greater than a yr in the past. Some economists fret one other recession could also be on the horizon, which might drive unemployment up with enterprise closures and layoffs.
This story was produced utilizing automation throughout 3,100 counties, boroughs, and parishes, based mostly on writing and knowledge reporting by Paxtyn Merten.
