Author: By Wayne Heilman The Gazette
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Sports bets in Colorado top $200 million in September
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Colorado bettors jumped at the chance to bet on all four major professional sports last month, boosting sports wagering in the state to more than $200 million, the Colorado Department of Revenue reported Friday. Betting on baseball, football, basketball and hockey totaled nearly $135 million in September, nearly two-thirds of the $207.7 million total. That…
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Fed economist: Spread of virus will dictate path of recovery
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The timing and extent of the nation’s and Colorado’s economic recovery from the COVID-19 pandemic will depend on how quickly the virus spreads in the coming months, a Federal Reserve Bank economist said Tuesday. The state’s and nation’s economies have recovered somewhat from layoffs triggered by measures to slow the spread of the virus, but…
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Airlines cutting thousands of jobs at Denver International Airport
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With no further aid on the table, U.S. airlines began furloughing tens of thousands of employees Thursday. Denver International Airport is among those airports that will feel the impact. Three major airlines plan to furlough or lay off more than 3,400 workers at DIA during the next two months, according to notices filed with the…
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Colorado bettors double down on sports wagering in August
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Colorado bettors doubled down on sports wagering in August, raising the total to $128.6 million, the Colorado Division of Gaming announced this week. The return of professional sports for a full month played a major role in the big increase with basketball, baseball and hockey wagers combining for nearly 58% of the total bet. Parlays and combination…
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Colorado first-time unemployment claims fall to lowest level since coronavirus hit
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First-time unemployment insurance claims filed last week in Colorado fell to the lowest level since the COVID-19 pandemic triggered orders closing many businesses, the Colorado Department of Labor and Employment reported Thursday. The 5,837 claims from payroll workers were down 9.5% from the previous week. The state has received 542,619 such claims since mid-March. The…
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Colorado first-time unemployment claims continue rising
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First-time unemployment claims filed in Colorado last week surged to a two-month high, fueled by filings from self-employed, independent contractors and “gig” workers, the Colorado Department of Labor and Employment reported Thursday. Here are the numbers: • Claims from payroll workers fell 7.1% to 6,450 in the week ended Aug. 22, resuming a decline that…
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Colorado unemployment rate falls – but it’s not necessarily good news
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Colorado’s unemployment rate fell sharply to 7.4% in July, but for all the wrong reasons — nearly 100,000 residents left the job market. The July rate was down from 10.6% in June, a month that saw more than 100,000 returning to the job market. That trend was reversed in July, according to data released Friday…
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Colorado unemployment fund expected to run out of money next week
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The fund Colorado uses to pay unemployment benefits will run out of money next week, but the state will continue to pay benefits by borrowing from the federal government, state officials said Thursday. The fund had only $50 million left Thursday and the state paid out $70.3 million last week, said Ryan Gedney, senior economist…






