Tag: Unemployment
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Colorado unemployment rate drops again in May
Colorado’s unemployment rate fell to 3.5% in May, its lowest level since the pandemic began. And the state’s economy has recovered more than twice as quickly as it did during the Great Recession, the Colorado Department of Labor and Employment announced Friday. May was the 11th month in a row in which Colorado’s unemployment rate either…
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More teens working in Colorado, U.S. than before the start of COVID-19 pandemic
Facebook Twitter WhatsApp SMS Email Print Copy article link Save School is out for summer and that means teens aren’t only looking forward to warmer weather and vacations, but also summer jobs. And they’ll have plenty of company. In 2021, 32% of teens ages 16 to 19 were participating in the nation’s workforce, while 39.6%…
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Colorado unemployment rate drops again in April, matches national rate
Colorado’s unemployment rate continued to improve last month, another sign of job market resiliency as private businesses and the state economy regain their footing after a recession triggered by the COVID-19 pandemic two years ago, according to a report Friday by the state Department of Labor and Employment. The state’s jobless rate dipped to 3.6%…
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Denver business leaders applaud unemployment insurance relief
More than 900 business leaders and government officials applauded loudly Thursday when Gov. Jared Polis said the legislature had provided $600 million to offset unemployment insurance loans the state had to take to cover the massive spike in jobless numbers during the pandemic. It was likely a grateful acknowledgement the money wouldn’t have to come…
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Colorado House passes bill that would help communities affected by coal plant closures
The Colorado House passed legislation Thursday that would direct $15 million from the state’s general fund to the Office of Just Transition, which was created to try to lessen the economic and social effects of the closure of coal power plants and mines across the state. House Bill 22-1394, which was approved 51-12, would transfer the funds…
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Colorado economy in recovery mode, but mixed signals persist, report says
Despite a series of mixed or muddled messages, Colorado’s economy remains in strong recovery mode with the number of jobs here exceeding pre-pandemic levels, unemployment continuing to decline and strong gross domestic product growth, according to a report released Tuesday. The Quarterly Business and Economic Indicators report covers the first quarter of 2022 and is…
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Colorado unemployment rate falls again in March
Colorado’s unemployment rate tumbled again in March as the state’s economy continues to recover from the COVID-19 pandemic. The rate slid to 3.7%, down from 4% in February, the Colorado Department of Labor and Environment reported Friday. That’s the lowest level since 2.8% in February 2020, right before the pandemic cratered many industry sectors, forcing mass…
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Colorado unemployment rate falls as payrolls surge to record
Colorado’s unemployment rate fell in February to its lowest level in two years as payrolls surged to a record high, the Colorado Department of Labor and Employment reported Friday. Colorado recovers jobs lost in first months of pandemic The 4% jobless rate, down from 4.2% in January, is the lowest since February 2020, just before…
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Colorado recovers jobs lost in first months of pandemic
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado’s private sector has recovered all of the jobs lost early in the COVID-19 pandemic, according to a report from the Colorado Department of Labor and Employment. Since May 2020, the state has added 370,000 private sector payroll jobs, compared to losses totaling 358,800 in March…
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Report: Colorado economy in ‘recovery mode’
Colorado’s employment will recover to pre-pandemic levels this year, with some industries already fully recovered, and the state’s inflation rate remained lower than the national average last year, according to the Colorado Secretary of State’s Quarterly Business & Economic Indicators report for the fourth quarter of 2021. “The state is in recovery mode,” according to…