The CSI has released its latest report about Colorado jobs and labor force.
Key Findings:
- Colorado added 14,800 total nonfarm jobs in July. At this pace, the state would reach pre-pandemic employment levels by Jan. ’22. To recover to pre-pandemic employment levels by January 2023—after adjusting for population growth—Colorado needs add 9,202 jobs each month on average.
- Total employment levels are down 3% or 85,900 jobs relative to pre-pandemic levels, ranking Colorado 16th in terms of July 2021 job levels relative to January 2020.
The #Shecession still looms… The July Labor Force Participation Rate for moms in Colorado was down 7 percentage points from 76.2% in January 2020 to 69.2% in July 2021. If the pre-pandemic LFPR for CO had maintained, there would be 96,155 more women in the labor force today.
To better support Northern Colorado Prospers (NCP) strategic initiatives, NCP is a member of the Common Sense Institute (CSI), a non-partisan research organization dedicated to the protection and promotion of Colorado’s economy.
With this membership, we have first access to the CSI research, articles, insights and discussions surrounding the business community, with topics including fiscal impacts of policies, initiatives, and proposed laws”