Colorado hits lowest unemployment since February 2020

DENVER — Colorado’s seasonally adjusted unemployment rate, which dropped 0.3 of a percentage point in March, was 3.7% last month, the lowest rate since the pre-pandemic nadir of 2.8% in February 2020.

The state trails the nation, which posted a March jobless rate of 3.6%, according to new data released Friday by the Colorado Department of Labor and Employment. 

But that’s a function of Colorado climbing out of a deeper hole than many other states. Colorado’s recovery rate is 109.3%, outpacing the national rate of 95.9%.

Locally, Boulder County led the way with a non-seasonally adjusted unemployment rate of 2.7%, down from 3.2%…