Colorado Politics

State unemployment claims hit nearly 9-month high as CARES Act expires

Initial unemployment claims skyrocketed in Colorado with the highest weekly increase since April, according to data released Thursday by the Colorado Department of Labor and Employment.

For the week ending Jan. 2, initial weekly unemployment claims reached 41,439, the highest number of claims in nearly nine months and an increase of more than 16,000 from the week previous.

This is the 11th week in a row that initial unemployment claims have increased.

Denver County made up the plurality of initial claims, accounting for 3,986 or over 15% of claims for the week ending Dec. 19. Denver is followed by El Paso County with 3,359 claims.

Continued unemployment claims also increased for the fifth consecutive week, reaching 109,373 claims for the week ending Dec. 26. This comes after 19 straight weeks of decrease from July to November.

No pandemic unemployment claims were filed for the week ending Jan. 6 because of the expiration of the CARES Act on Dec. 26.

The department attributes the increase of weekly claims to this expiration.

“As reported earlier this week, the increase in reports of UI fraud is likely connected to the expiration of CARES Act programs,” the department said, adding it, “will be conducting further detailed analysis on the increase.”

Pandemic unemployment assistance was extended through March 13 through the the Continued Assistance Act; however, the department said it will be “several weeks” before it can implement the continued programs.

During the last week of the program ending on Dec. 26, there were 19,555 initial pandemic unemployment claims in Colorado, the third-highest number of weekly claims in the program’s history.

The state’s health care and social assistance industries appear to be being hit the hardest, making up 11.2% of initial unemployment claims for the week ending on Dec. 19.

They are followed by education workers with 10.8% of claims and construction workers with 10.4%.

unemployment
Courtesy of Wikimedia Commons
Tags

PREV

PREVIOUS

INSIGHTS | Time for lawmakers to prove their value to communities of color

One thing Democrats should have learned this year is that Latino voters aren’t as into them as they would like. After the election, Bloomberg News pulled back the curtain on the assumption that voters of color would leap into the questionably loving arms of the left. Donald Trump, after all, characterized undocumented immigrants as gang […]

NEXT

NEXT UP

Larimer County offers COVID relief payments for small businesses

In partnership with local governments, Larimer County is offering one-time COVID-19 relief funds for small businesses that have been financially impacted by pandemic-related public health orders. Businesses must have experienced at least a 20% revenue reduction and include restaurants, bars, breweries, wineries, distilleries, fitness clubs, sports centers, caterers and movie theaters. Fort Collins, Loveland and […]


Welcome Back.

Streak: 9 days i

Stories you've missed since your last login:

Stories you've saved for later:

Recommended stories based on your interests:

Edit my interests