3 Key Findings from new Colorado Department of Labor Report

March 28, 2023

By Kylie Parks, Arvada Chamber Director of Talent Pipeline Development

Talent remains a leading business challenge in Colorado, however, over the past month, there has been a string of positive movement. A recent press release from the Colorado Department of Labor & Employment highlighted a few data points that highlight promising roads ahead:  

  • CO unemployment remains below 3% for its 10th consecutive month and remains at pre-pandemic numbers.  
  • Private Sector job gains were in leisure and hospitality (~19,200), professional and business services (~17,000), and educational and health services (~5,000)  
  • CO in many categories is outpacing averages in the US:  
    • US Unemployment – 3.6%, Colorado – 2.8% 
    • US Labor Force – 62.5%, Colorado – 68.1%  
    • US Average Hourly Earning – $33.09, Colorado – $35.68 

You can review the full press release here.

We like to see this momentum as we continue to tackle talent challenges and will continue to support our community in growing our talent pipeline while keeping you updated on all talent news!  

B.O.L.D. 2026 is a five-year regional economic strength and resiliency initiative of the Arvada Chamber of Commerce. The Chamber developed BOLD 2026 in consultation with private and public sector leaders and partners in Arvada, Jefferson / Adams Counties, Metro Denver and the state of Colorado. One goal of B.O.L.D. 2026 is to grow our talent to meet the needs of employers and job seekers. Learn more about our talent challenges and work here.


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