Some Colorado businesses are being asked to pay more to fund the state’s unemployment-insurance fund. The fund ran out of money in June and Colorado is one of at least 41 states borrowing money from the federal government in order to keep issuing unemployment checks. The Denver Post reports that some businesses are facing unemployment [...]
Continue reading …Unemployment in Colorado Springs increased slightly in October, from 9 percent to 9.2 percent the month before, and it increased a full percentage point from October 2009. The unadjusted rate in the Springs was 8.8 percent, up from 8.7 percent in September of this year, and a sharp rise from the 7.6 percent a year [...]
Continue reading …An economy growing 2 percent a year might be tolerable in normal times. Today, it’s a near-disaster. A growth rate of 5 percent or higher is needed to put a major dent in the nation’s 9.6 percent unemployment rate. Two reasons why that’s unlikely well into next year and maybe beyond: – Construction – both [...]
Continue reading …Economy is destiny for the Democrats and President Barack Obama, who began his campaign week in Rhode Island, where unemployment is measured at 11.5 percent. He has stops planned in Pennsylvania (at 9 percent), Illinois (9.9 percent) and Ohio (10 percent) before Election Day. Just as striking as the jobless figures is the calculation that [...]
Continue reading …U.S. economic growth tailed off sharply in the spring and probably isn’t faring any better now. The Commerce Department reported Thursday that gross domestic product – the broadest measure of the economy’s health – expanded at a feeble 1.7 percent annual rate in the April-to-June quarter. The new reading is a notch higher than the [...]
Continue reading …The number of Coloradans filing unemployment benefits claims has dropped to the lowest level in nearly two years. The U.S. Department of Labor said today that the number of Coloradans receiving continued unemployment benefits also fell, to 54,293, down nearly 27 percent from mid-July and at the lowest level seen since January 2009. A total [...]
Continue reading …The unemployment rate for Colorado rose to 8.2 percent in August, up from 7.9 percent a year ago, the state labor department said Tuesday. Colorado Department of Labor and Employment Executive Director Donald Mares had been encouraged when the unemployment rate held steady at 8 percent the last few months, but for many job seekers, [...]
Continue reading …The number of newly laid-off U.S. workers seeking unemployment benefits dropped slightly last week to its lowest level in two months, a sign that employers are cutting fewer jobs. The Labor Department said Thursday that new claims for jobless benefits fell by 3,000 to a seasonally adjusted 450,000, the third decline in four weeks. Many [...]
Continue reading …JD Farmer rents a modest, 900-square-foot house on the Westside. Surrounded by hundreds of books, photos of his children and a “fish tremble when they hear my name” plaque, Farmer has turned the place into a home. But how long he’ll be able to remain is uncertain. A single father, Farmer lost his job almost [...]
Continue reading …Colorado Springs unemployment rates rose to 8.8 percent, higher than the state average and the local level in more than a year. Job growth statewide was down from a year ago, as well – only 1,900 jobs were created in July, significantly lower than the 25,200 jobs created during the same period in 2009. July [...]
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