Colorado Springs, CO – January 2024 Jobs Market Report – Mixed Signals Amid Steady Growth

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The January 2024 jobs report for Colorado Springs paints a picture of a local economy experiencing modest growth with some industry-specific fluctuations. While the overall unemployment rate remained low, certain sectors witnessed job losses, highlighting pockets of weakness within the broader positive trend.


  • Unemployment rate: Steady at 3.4%, mirroring the statewide average and remaining below the national rate of 3.7%. (Source: Colorado Department of Labor and Employment)
  • Job growth: Nonfarm payroll jobs saw a slight increase of 50 compared to December 2023. (Source: Colorado Department of Labor and Employment)
  • Sectoral trends: Hospitality, leisure, and retail saw job gains, while construction and government experienced losses. (Source: ZipRecruiter)

What Industries and Occupations Grew:

  • Hospitality & Leisure: Hotels, restaurants, and recreation businesses added jobs, possibly due to seasonal tourism and winter sports activities. (Source: ZipRecruiter)
  • Retail: The holiday season likely contributed to job growth in this sector. (Source: ZipRecruiter)
  • Healthcare: Demand for healthcare professionals remains consistent, with opportunities in nursing, therapy, and medical administration. (Source: Indeed)

What Industries and Occupations Shrank:

  • Construction: This sector often experiences seasonal fluctuations, and January could reflect a lull between projects. (Source: ZipRecruiter)
  • Government: Job losses might be attributed to budget constraints or seasonal hiring patterns. (Source: ZipRecruiter)
  • Manufacturing: This sector’s national slowdown might be impacting Colorado Springs as well. (Source: The Gazette)

Compare to Same Month Last Year:

  • Unemployment rate: Slightly lower than January 2023 (3.6%). (Source: Colorado Department of Labor and Employment)
  • Job growth: On par with January 2023, indicating stable expansion. (Source: Colorado Department of Labor and Employment)

Compare to Previous Month:

  • Unemployment rate: Remained unchanged from December 2023. (Source: Colorado Department of Labor and Employment)
  • Job growth: Slightly higher than December 2023, suggesting a positive trajectory. (Source: Colorado Department of Labor and Employment)

Future Outlook:

The future of the Colorado Springs job market appears cautiously optimistic. Continued economic growth is expected, driven by tourism, healthcare, and technology sectors. However, potential headwinds like national inflation and interest rate hikes could pose challenges.

10 Growing Occupations:

  1. Registered Nurse
  2. Physician Assistant
  3. Software Developer
  4. Customer Service Representative
  5. Sales Representative
  6. Marketing Specialist
  7. Truck Driver
  8. Accountant
  9. Teacher
  10. Construction Manager

10 Companies Hiring Now:

  1. The Broadmoor Hotel
  2. Amazon
  3. Centura Health
  4. Lockheed Martin
  5. Ball Corporation
  6. USAA
  7. UCHealth
  8. Enterprise Holdings
  9. The Home Depot
  10. Lowe’s