Warning! Your browser is extremely outdated and not web standards compliant.
Your browsing experience would greatly improve by upgrading to a modern browser.

Colorado Jobs and Labor Force Update: January 2022


Colorado added 6,700 jobs in January and December jobs were revised upwards by 28,100. January non-farm employment rose to 2,813,500 which is just below that of January 2020’s 2,820,300. Though employment has nearly returned to the pre-pandemic level of January 2020, job growth needs to accelerate for employment to keep pace with population growth. Key FindingsColorado January 2022 Employment Data (BLS CES Survey[1])
  • Colorado added 6,700 total nonfarm jobs in January (a monthly change of .2% for a total year-on-year change of 5%).
    • At this pace, the state would reach pre-pandemic employment levels in April 2022.
    • To recover to pre-pandemic employment levels by January 2023—after adjusting for population growth—Colorado needs to add 7,145 jobs each month, on average.
  • Total employment levels are down .2% (6,800 jobs) relative to pre-pandemic levels, ranking Colorado 12th in terms of January ‘22 job levels relative to Jan. ’20.
    • Vermont ranked 50th and Hawaii 51st in terms of current job levels relative to Jan. ’20 and are down 5.6% and 10.2%, respectively.
    • Ten states have employment levels above what they were at the start of the pandemic. Texas has the highest differential (+131,400 jobs).
A Deeper Dive into Colorado Industries
  • Some sectors in Colorado added jobs in January and others lost
    • The construction industry added 2,000 jobs.
    • The arts, entertainment, and recreation industry lost 600 jobs.
  • Though the leisure and hospitality industry has led the recovery by adding 64,800 jobs between Jan. ‘21 and Jan. ‘22, it is still down 16,700 jobs relative to Jan. ‘20.
    • Arts, entertainment, and recreation is down 11.83% (7,100 jobs).
    • Accommodation and food services is down 3.33% (9,600 jobs).
 Colorado Labor Force Update Colorado’s LFPR increased in January to 68.5%, which combined with the strong job growth in January lead to a decline in the unemployment rate to 4.1%. The LFPR of retirement-age workers remains nearly 5 percentage points lower than pre-pandemic levels. Key Findings—Colorado January ‘22 Labor Force Data (FRED[2], and IPUMS-CPS[3])
  • January’s LFPR increased slightly to 68.5%, .3 percentage points below Jan. ’20’s LFPR of 68.8%.
  • January’s unemployment rate dropped by .7 percentage points to 4.1%, which is still 1.4 percentage points above Jan. ’20’s unemployment rate of 2.7%.
  • In January, the LFPR of Colorado women increased from 62.79% to 64.16%.  It is now .02 percentage points above its pre-pandemic level.
    • The national female LFPR increased by .3 percentage points to 56.8%, which is .9 percentage points below its pre-pandemic level.
    • There are now 477 more women in the workforce than there would be if Colorado’s January LFPR of women was the same as it was before the pandemic.
Prime-age, Older, and Retirement-age People in the Labor Force
  • Since Jan. ’20, labor force participation rates of all 50–64-year-old workers, regardless of sex, have increased.
  • Retirement-age workers have been relatively unwilling to return to the labor force; this preference is especially pronounced among women and possibly attributable to the risk of severe COVID-19 infection. There are 15,580 fewer retirement-age workers in the labor force today than there would be at the pre-pandemic participation rate.
  • Of the three age groups, that of people aged 50–64 exhibits the highest LFPR increase since before the pandemic. Prime-age workers, conversely, participate at rates lower than in Jan. ’20.
[1] https://data.bls.gov/cgi-bin/dsrv?sm [2] https://fred.stlouisfed.org/ [3] https://cps.ipums.org/cps/
Jobs & Our Economy
The Impact of Financial Fraud in Colorado

Financial fraud is on the rise nationally. Across all 50 states and D.C., the Federal Bureau of Investigation’s (FBI) Internet Crime report tracked 859,532 fraud claims in 2024.

August 26, 2025 Thomas Young
Jobs & Our Economy
Economic Implications of Limiting New Load Capacity in Colorado

Capping new capacity at 200 megawatts would cost Colorado 17,800 jobs and reduce the state’s population growth by 20,400 through 2031.

August 21, 2025 Erik Gamm
Jobs & Our Economy
Unintended Costs: The Economic Impact of Colorado’s AI Policy

In 2024, Colorado dipped its toe into AI regulation with passage of Senate Bill (SB) 24-205. The bill, which takes effect on February 1, 2026, attempts to regulate the use of high-risk AI systems.

Jobs & Our Economy
Colorado Jobs and Labor Force Update – July 2025 Update

During July, Colorado gained 3,700 total nonfarm jobs. The state’s private sector gained 2,900 jobs, while government employment grew by 800 jobs.

August 19, 2025 Jimena Sanchez