Denver’s Unemployment Rates Bouncing Back Fairly Well
Colorado has a few cities that are doing well during this time.
Wow, 2020 has been tough on us. While many of us have been blessed to continue our work from home, there are plenty of others who were not as fortunate. There have been a lot of people left without a job this year.
But things are looking up.
WalleHub is reporting that the national unemployment rate is down to 11.1 percent. At the peak of the pandemic we had reached 14.7 percent, so things are definitely headed in the right direction. It's not the tiny five percent that we were at before the pandemic, but we'll get back there.
That same report from WalletHub also featured a list of the cities who are bouncing back the best right now. To determine that, they first looked at the cities that were hit the hardest job-wise by the pandemic. They collected data on the change in each city's unemployment rate during June 2020 and compared it to June 2019 and even January 2020. The average of those two numbers determined rankings, in addition to overall unemployment rates.
Denver is sitting at number 144 on the list.
Sure, it's not a top 10 ranking, but it's decent. There were other cities in Colorado to land on this list. Colorado Springs found themselves in the top 100 at number 98 while Aurora came in at number 148.
The good news here is that we are moving in the right direction.