Below you will find Metro Denver EDC’s Monthly Economic Indicators for July. Three quick insights:
- The unemployment rate in Metro Denver fell 0.1 percentage points to 3% in May, marking the lowest rate since before the onset of the pandemic when unemployment was 2.8% in February 2020. Nationally, the unemployment rate ticked up from 3.3% in April to 3.4% in May.
- Wallethub ranked Colorado #6 in their “2022 Best & Worst State Economies” report. The study gave Colorado a score of 58.84 out of 100, ranking sixth for economic health, ninth for innovation potential, and 13th for economic activity.
- Douglas County and Broomfield County came in as the No. 3 and No. 9 healthiest communities, respectively, in a new 2022 report from U.S. News & World Report.