Colorado employers shed an estimated 4,700 nonfarm jobs between March and February, the largest monthly decline the state has suffered since December 2020.
. The state lost a net 2,400 jobs in the first quarter, making it one of only four states to have a job deficit in 2023.
The situation would be even grimmer absent a rebound in public sector hiring this year. Government employment counts in the state are still below where they were before the pandemic hit by about 5,700 jobs. But they are up by 5,800 in the first quarter of the year, and 1,500 last month, cushioning the blow from private sector cuts.
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