Posted inBusiness, Economy, News

Colorado’s $1 billion unemployment loan on track to be paid off by November, preventing higher tax on employers

Colorado has paid back 87% of the $1 billion it borrowed from the federal government to provide out-of-work Coloradans unemployment benefits during the pandemic. As of this week, the outstanding balance was $133.1 million. There’s still a way to go to get the depleted unemployment insurance trust fund healthy again. But with Colorado’s strong job […]

Posted inBusiness, Economy, News

Coloradans face 10-12 week wait for unemployment pay to start as state deals with pandemic backlog

What’s Working: A version of this story first appeared in a segment of our weekly What’s Working column on July 16, 2022. Additional details are included in this story. Read the full column. >> Sign up for the newsletter It’s now taking 10 to 12 weeks for Coloradans to get new unemployment claims processed by […]

Posted inBusiness, Economy, Housing, News

What’s Working: Here’s how the Front Range housing market slowed over a few weeks as interest rates rose

A month after interest rates inched up, area real estate agents who help people sell their houses or assist in buying one say that yes, the housing market slowed in the past month. Houses for sale in June lingered a bit longer on the market than in May — by one day more in Colorado […]

Posted inBusiness, Economy, News, Politics and Government

Colorado lawmakers plan to overhaul unemployment system, extend benefits to immigrants as they also backfill depleted fund

Colorado lawmakers are planning to introduce a bill as soon as this week that would overhaul the state’s unemployment system and also send roughly $600 million to the depleted unemployment insurance trust fund to lower a $1 billion federal debt hanging over employers.  The $600 million replenishment was expected — Gov. Jared Polis made the […]

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Colorado has recovered 98% of jobs lost in pandemic, as unemployment rate drops to 4.1%

Colorado’s economic recovery is going better than expected state labor officials said Monday, reporting that 98% of jobs lost when COVID struck have returned.  However, January’s 4.1% unemployment rate, the lowest since the pandemic began, is still higher than the 2.8% in February 2020, the month before the first COVID-19 cases in Colorado were confirmed. […]

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What’s Working: Colorado had the nation’s top layoff rate in December, but fewer people quit their jobs

Looks like omicron did have an impact on Colorado’s employers in December. New monthly data from the Bureau of Labor Statistics this week ranked the state as the nation’s highest for the rate of layoffs, tied with Alaska for the top spot.  An estimated 1.6% of Colorado’s workforce was laid off in December, or double […]