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Colorado’s unemployment rate fell to 3.6% in April, and the state is seeing among its highest employment-to-population and labor force participation rates seen in a decade, according to the Colorado Department of Labor and Employment.
Colorado lawmakers unveiled a bipartisan bill Wednesday that aims to put $600 million toward the state’s Unemployment Insurance Trust Fund to pay off more than half the debt Colorado owes to the federal government for supporting its unemployment payments during the pandemic-induced recession.
The state’s unemployment rate continues to inch toward pre-pandemic levels, dropping to 3.7% in March, the Colorado Department of Labor and Employment said Friday.
Colorado’s unemployment rate dipped to 3.7% in March – down another three-tenths of a percentage point from February – as the state’s economic recovery from the pandemic recession continues.
Colorado has now recovered all the nonfarm payroll jobs lost in the first two months of the COVID-19 pandemic as the state’s unemployment rate fell again in February, to 4%, according to the Colorado Department of Labor and Employment.