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Jobs & Our Economy

Inflation in Colorado – January 2022 Update

Inflation in Colorado – January 2022 Update

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In 2021, inflation in the Denver metropolitan area was the highest it’s ever been since the Bureau of Labor Statistics began tracking it in 1986. The largest two-month period of inflation occurred in late spring and a resurgence at the end of the year through January added an additional 2.6%.

Colorado Jobs and Labor Force Update: December 2021

Colorado Jobs and Labor Force Update: December 2021

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Colorado added 9,000 jobs in December and November jobs were revised upwards by 5,000. The combined growth over the last two months of 2021 of 23,100 jobs presents a stark contrast to the prior year, when the two months combined for 25,500 job losses.

Colorado Jobs and Labor Force Update: November 2021

Colorado Jobs and Labor Force Update: November 2021

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Despite concerns of rising inflation and a new COVID-19 variant, November job growth in Colorado remained relatively strong at 9,800 jobs. This is above the monthly average job growth needed to fully recover to a pre-pandemic employment-to-population ratio by 2023.

Inflation in Colorado – November 2021

Inflation in Colorado – November 2021

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In the aftermath of the COVID-19 pandemic and trillions of dollars of pandemic relief spending by the federal government, the rate of inflation in the U.S. has grown sharply in 2021 and become one of the most-discussed economic issues of the day. High inflation levels erode savings and increase the costs of daily commutes, groceries, and other consumer goods.

Colorado Jobs and Labor Force Update: October 2021

Colorado Jobs and Labor Force Update: October 2021

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Driven by labor shortages and increased employment opportunities, job growth in October surged to its highest monthly amount since July. Labor force participation of mothers during the pandemic lagged consistently up until September. Their overall participation rate in October remained higher than pre-pandemic levels for the second straight month.

Colorado Jobs and Labor Force Update: September 2021

Colorado Jobs and Labor Force Update: September 2021

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Although September job growth was lower than what is needed to achieve a full recovery by January 2023, adjusted for population growth, Colorado reached an important recovery milestone last month. For the first time since the start of the pandemic, the labor force participation rate for Colorado mothers exceeded its pre-pandemic level.

Colorado Jobs and Labor Force Update: August 2021

Colorado Jobs and Labor Force Update: August 2021

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In April 2020, Colorado lost over 360,000 jobs, experienced the worst month of economic performance in its history, and launched into a deep and abiding recession. A little over a year later, the latest data from the Bureau of Labor Statistics (BLS) show that, though Colorado’s workforce has already endured the worst of the recession and is ahead of pace to recover fully by 2023, much progress remains to be made.