More jobs lost last year than previously thought

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Colorado employers cut about 17,000 more jobs last year than initially reported, according to revised Department of Labor and Employment employment statistics released yesterday.

The DOL reported a loss of 89,375 non-farm jobs last year, but that figure was based on monthly surveys.

When those counts were compared to unemployment-insurance tax reports that employers file each quarter, the loss turned out to be much larger.

It amounted to 106,300, according to the U.S. Bureau of Labor Statistics.

The total decline outpaces the 74,100 jobs lost in Colorado in 2002 and 2003, during the tech and telecom bust, and represents the worst annual job loss for the state in records going back to 1940.