Tag: Unemployment
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Colorado businesses worry about looming unemployment insurance hike
Colorado Chamber of Commerce members Tuesday sent a letter to state legislators asking for unemployment insurance relief in the face of rates that could spike up to 72% in coming years. The incredible surge of unemployment claims during the pandemic, starting in March of 2020, completely drained the Colorado Unemployment Trust Fund. Colorado now owes…
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Year in review: Economic recovery top business story of 2021
The biggest story in business in 2021 continued to be Colorado’s economic recovery from the COVID-19 pandemic. While state unemployment levels stood at 6.6% in January, they continued to slide throughout the year and finished at 5.1% in November, the latest figures available. While that’s getting closer to the 4.7% level in March 2020 as…
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Audit says state has done little to recover $73 million paid out in fraudulent unemployment claims
The Department of Labor and Employment (CDLE) may have paid out $73.1 million in potentially fraudulent claims during the first 14 months of the pandemic and has done little to resolve those fraudulent claims, including recovering the money, an audit released Monday said. But the department’s lack of effective processes also meant that the majority…
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The Great Resignation: Workers are quitting in record numbers. So where are they going?
It has been called the Great Resignation. The Big Quit. The Great Reshuffle. Whatever the name, it’s a stunning transformation in the American workforce as workers quit in unprecedented numbers — some retiring, some retreating until the pandemic is over, some forging a new path. In that last category is Elizabeth Uhlrich of Littleton. She…
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Colorado economic indicators looking up, some concerns remain
Colorado’s strong labor force participation rate, new business filings and declining unemployment have state economists optimistic about continued recovery in the fourth quarter and 2022, according to a report issued Thursday by the Colorado secretary of state and the University of Colorado Boulder. “Today’s report illustrates that Colorado’s economy continues to improve. The state’s GDP…
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Colorado unemployment rate drops for fifth consecutive month
Colorado’s unemployment rate fell in September for a fifth consecutive month to 5.6%, the Colorado Department of Labor and Employment reported Friday. That’s the lowest rate since the COVID-19 pandemic triggered a stay-at-home order in March 2020 that closed many businesses. Last month’s jobless rate was down from 5.9% the month before and down from 7%…
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Colorado unemployment rate falls to lowest level of pandemic
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado’s unemployment rate fell to 5.9% in August, the lowest level since just before the COVID-19 pandemic triggered a stay-at-home order that resulted in massive job cuts. Last month’s rate was down from 6.1% in July and 7.1% in August 2020 and is the lowest…
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Colorado unemployment edges lower but for wrong reasons
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado’s unemployment rate edged lower to 6.1% in July, but only because nearly 3,000 people left the job market and as a result were not counted as unemployed, the U.S. Bureau of Labor Statistics reported Friday. The July jobless rate, which had been 6.2% in…
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Colorado outpacing the U.S. in pandemic job recovery, ends historic run
Facebook Twitter WhatsApp SMS Email Print Copy article link Save New weekly unemployment claims in Colorado fell below pre-pandemic levels for the first time in more than 68 weeks. The Colorado Department of Labor and Employment report for the week ending July 24 shows there were 3,317 regular initial unemployment claims filed, plus 1,119 more…
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Colorado’s unemployment rate unchanged, higher than U.S. rate
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado’s unemployment rate for June stayed the same from May at 6.2%, the Colorado Department of Labor and Employment reported Friday. That’s higher than the national rate of 5.9%. But it still remains the lowest level since March 2020, when the COVID-19 pandemic shut down…