Colorado Unemployment Rate Drops To 4.1%

DENVER (CBS4)- Colorado's unemployment rate is the lowest it's been since February 2020. The latest numbers from the Colorado Department of Labor and Employment show unemployment is down to 4.1%.

This the 7th straight month the rate has declined. In June, unemployment was at 5.9% and peaked at 11.8% in May 2020.

The CDLE says Colorado has recovered employment faster than other states, largely because of a return in tourism and a higher rate of participation in the labor force.