Colorado employment increased by 4,300 in November, and the unemployment rate was 3.5%. It will be a record year for job growth nationally and in Colorado, but the economy will look different in 2023.

The most ominous of the many headwinds are inflation and interest rate hikes. Together, they have caused the economy to expand at a slower rate. For further details, check out the Review of Colorado Economy – Analysis Through November 2022.