Overall unemployment rate moved down to 6.7% with the biggest shift in Restaurants & Hotels, which gained 1,400 roles, based on the most recently available information published in April 2021.
Total employment in the Colorado Springs, CO market declined by 8 jobs in March and the unemployment rate decreased compared to the prior month by 30 bps to 6.7%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Colorado Springs, CO unemployment rate is 52 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 3.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Government: 53,800; +400
- Business Services: 47,800; +1,100
- Transportation & Utilities: 44,300; -100
- Education & Healthcare: 43,200; +100
- Restaurants & Hotels: 31,900; +1,400
- Financial Services: 18,700; +100
- Construction, Mining: 17,700; +100
- Other Jobs: 17,400; +100
- Manufacturing: 11,700; +200
- IT & Development: 5,300; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.