January unemployment lowest since early 2020

DENVER — Colorado’s seasonally adjusted unemployment rate in January was 4.1%, down a tenth of a percentage point from December 2021 and the lowest rate since February 2020, prior to the COVID-19 outbreak.

“During this recession, it took only 20 months to move from the peak rate, which was 11.8% in May of 2020, to 4.1%,” Colorado Department of Labor and Employment. senior economist Ryan Gedney said Monday after CLDE released its most-recent employment data. “In comparison, 41 months passed between the peak rate and 4.1% during the early 2000s recession, and 51 months elapsed when looking at the Great Recession…