If you hear about a company that has raised a bunch of money from investors, be on the lookout for lots of job openings. That’s the case at tech-climate startup Project Canary, which recently announced it raised $111 million from investors. It was the second round of investment (its first round last year was much […]
unemployment fraud
Posted inBusiness, Crime and Courts, News
Colorado task force refers 17 cases of unemployment fraud to prosecutors
A state task force investigating suspicious jobless claims has now referred 17 cases for criminal prosecution, the Colorado Attorney General’s Office said Friday. The AG’s office, which is part of the Colorado Unemployment Fraud Task Force, said the total loss in unemployment fraud “exceeds $300,000.” “These are complex cases that take time to develop, and […]
Posted inBusiness, Economy, News
What’s Working: Colorado’s missing workers may just be disengaged
Scratch that old 2021 stat that Colorado has recovered 89% of jobs lost in the early days of COVID. The state did even better, according to new revisions that were just announced. We’re at 95.3% recovered. More on that below. But first, is the answer to the nation’s worker shortage to have more babies, process […]
Posted inBusiness, Economy, Growth, News
What’s Working: Colorado economists share 2022 forecasts on meat, apartments, video games and more
The annual crystal ball of Colorado’s economy swirled this week as economists and industry experts shared what is in store for the new year as part of the 2022 Colorado Business Economic Outlook, produced by the University of Colorado Boulder. “We’re pretty bullish overall on the macro economy,” Richard L. Wobbekind, associate dean of business […]
Posted inCartoons, Opinion
Jim Morrissey: When Colorado’s Christmas spirit goes awry
More cartoons from The Colorado Sun.
Posted inBusiness, Economy, News, Politics and Government
Colorado auditor finds $73 million in “likely fraudulent” unemployment payments, including to dead people
Colorado may have paid $73 million in fraudulent unemployment benefits, with payments made to dead people, inmates and underage applicants, a state audit found, more than double the $30 million state labor officials had previously confirmed was improperly paid. “Despite the numerous steps that the department has taken to prevent and detect fraud, our audit […]
Posted inBusiness, Economy, News
What’s Working: Colorado paid $30 million in bogus unemployment claims. It could have been worse.
It probably came as a shocker when Californians learned that their state had paid out $20 billion in fraudulent unemployment claims as of October since the COVID-19 pandemic began. That’s about the same amount the Golden State has borrowed from the U.S. government to provide benefits when its own unemployment fund ran out of money […]
Posted inBusiness, Economy, News
What’s Working: A third-quarter check on Colorado’s economy and more on worker deaths and COVID
Twenty months into a pandemic that changed how people work — or think about what they want out of a job — the stats around Colorado’s economy appear mixed-to-dismal if you don’t have some perspective. But more on that below. This wasn’t meant to be a sequel to last week’s column on worker deaths related […]
Posted inBusiness, Economy, News
What’s Working: As federal unemployment ends in 7 weeks, Colorado businesses are optimistic about their pandemic recovery
How optimistic are you about Colorado’s economic recovery? If you were one of the 250 business leaders surveyed for the University of Colorado business school’s recent quarterly economic report, your optimism was at “a record high.” The explanation? “It was around the reopening of the economy, the vaccination rate and demand,” said Brian Lewandowski, executive […]
Posted inBusiness, Economy, News
Colorado sees claims for unemployment benefits double in June. Officials suspect fraud.
While the number of Coloradans on continued unemployment has declined each week since late March, the number of people filing for a benefit reserved for gig workers has increased even as more people are vaccinated and return to work. Known as Pandemic Unemployment Assistance, this federal jobless benefit provides money to Colorado residents who don’t […]