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Stock futures dipped this morning as investors paused after a big two-day rally to prepare for key reports on the jobs market and retail sales. High unemployment and slow growth in consumer spending have been the biggest impediments to a strong, sustained recovery. So Thursday’s weekly government report on initial jobless claims and retailers’ reports… Continue Reading Stock futures dip ahead of jobs, sales reports

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Springs jobless rate rises slightly

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The Colorado Springs jobless rate rose to 8.6 percent last month from 8.5 percent the previous month, the Colorado Department of Labor and Employment reported today. And, while unemployment claims rose by 100, it was mostly the result of 3,700 people vacated the job market by stopping their search for a job. Payrolls last month… Continue Reading Springs jobless rate rises slightly

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Colorado’s unemployment rate increased one-tenth of a percent to 8.0 percent in April – but was lower than April 2009’s rate of 8.1 percent. “Colorado is now seeing thousands of formerly discouraged job seekers who had abandoned their job search renewing their efforts,” said Donald Mares, executive director of the Colorado department of Labor and… Continue Reading State unemployment rate rises slightly, lower than last April

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Jobless rates drop in 34 states

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Unemployment rates fell in a majority of states last month as improved economic conditions spurred hiring. The Labor Department says that 34 states and the District of Columbia reported their jobless rates fell in April. Six states reported higher rates, while 10 saw unemployment hold steady. That marked an improvement from March when 16 reported… Continue Reading Jobless rates drop in 34 states

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The economy got what it was looking for in April: A burst of hiring that added a net 290,000 jobs, the biggest monthly total in four years. The improving picture drew so many more people into the labor force in search of employment that the jobless rate rose to 9.9 percent. The hiring last month… Continue Reading Jobs up 290,000; jobless rate rises to 9.9 percent

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The number of Americans filing claims for unemployment benefits dropped for a second consecutive week, further evidence that the job market is slowly improving. The Labor Department said Thursday that initial applications for jobless benefits dropped by 11,000 to 448,000, the lowest level in four weeks. The new total was slightly higher than economists had… Continue Reading Jobless claims fall to lowest level in 4 weeks

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The unemployment rate in Colorado crept up to 7.7 percent last month. That’s up from 7.4 percent in January and 7.3 percent from February 2009. Colorado Department of Labor and Employment head Donald Mares says he expects moderate fluctuations in the labor market through the first part of the year as the state moves past… Continue Reading Colorado unemployment rate now up to 7.7 percent

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Unemployment rate edges up to 7.4 percent

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Colorado’s unemployment rate is up one-tenth of a percentage point to 7.4 percent. The state Department of Labor and Employment released seasonally adjusted figures for January on Wednesday. Donald Mares, director of the department, says Colorado’s unemployment rate may be volatile throughout 2010 but he expects it to improve. The number of Coloradans with jobs… Continue Reading Unemployment rate edges up to 7.4 percent

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Employers took 1,521 mass layoff actions in January, which resulted in 182,261 workers losing their jobs, said the Bureau of Labor Statistics. Each mass layoff involved at least 50 people from a single employer – and both layoff events and initial claims increased during January, after four consecutive decreases. Manufacturing had the most number of… Continue Reading Layoffs increase after four months of lower claims

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Colorado to borrow money to pay unemployment

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Colorado is likely to join 25 other states in borrowing from the federal government to continue paying unemployment benefits. Department of Labor and Employment Executive Director Donald J. Mares made the announcement to the state’s Joint Budget Committee last week. He said quick action is needed to address the projected shortfall in the state’s unemployment… Continue Reading Colorado to borrow money to pay unemployment

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