Overall unemployment rate moved down to 3.7% with the biggest shift in Government, which gained 300 roles, based on the most recently available information published in April 2022.

Total employment in the Colorado Springs, CO market rose by 1,105 jobs in March and the unemployment rate decreased compared to the prior month by 50 bps to 3.7%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.

  • Colorado Springs, CO unemployment rate is 5 bps below the national rate which is a positive sign.
  • Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in March versus prior month by 4.7% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Colorado Springs, CO Unemployment March 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

  • Government: 54,800; +300
  • Business Services: 50,100; no change
  • Transportation & Utilities: 48,200; -200
  • Education & Healthcare: 43,400; +200
  • Restaurants & Hotels: 38,400; +100
  • Other Jobs: 18,900; +200
  • Financial Services: 18,800; -100
  • Construction, Mining: 18,500; +100
  • Manufacturing: 11,800; no change
  • IT & Development: 5,300; +100
Colorado Springs, CO Unemployment by Industry March 2022

Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.