Colorado unemployment rate hits highest level in 2 years

AP is reporting that the jobless rate in Colorado is now at its highest point since September 2005, though still below the nationwide average. According to AP (via 9News):

Colorado’s seasonally adjusted unemployment rate for June hit 5.1 percent, the highest rate since September 2005, state labor officials said Friday.

Colorado hasn’t been adding enough jobs to accommodate its growing labor force, Colorado Department of Labor and Employment executive director Donald Mares said.

The unemployment rate of 5.1 percent was up from 4.9 percent in May and up from 3.7 percent in June 2007, the department said.

The national unemployment rate in June held steady at 5.5 percent. An estimated 2.6 million Coloradans have jobs, which is up about 39,100 from a year ago, but job growth for the past 12 months has slowed to about 1.3 percent, the labor department said.

It seems that the mortgage meltdown mess is starting to catch up to Colorado, even though we’re still faring better than much of the rest of the country.

Is there anyone left out there disputing that we’re headed for recession?

Is the U.S. economy in a recession?

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22 Community Comments, Facebook Comments

  1. GoBuffs says:

    that we’re only at 5.1 percent.

    All these stories about the economy are making me nervous. I’m becoming increasingly worried about layoffs and pay cuts.

    Sigh.

    • CSU Ram Fan says:

      We’re hanging in there.

      Wasn’t there a diary about Colorado being a business friendly state recently. **Goes off to find it**… Yes, Colorado was in CNBC’s top 5 states for business and scored among the top 15 states in six of the 10 categories, including overall economic climate, access to capital, workforce quality and state support for technology and innovation.

      That’s better than a lot of places in the country can say at the moment.

      • PitStop says:

        to promote technology & innovation, research & development, and also keep holding the balance between business and labor we’ve had in Colorado for decades. What makes me nervous isn’t so much layoffs (at least in my field) but all this intense, heated discussion about the various ballot issues that seek to change the Colorado constitution, on both sides. It’s mutually assured destruction for both business and labor, and they have the potential to make a complete and utter disaster of our economy.

        • Libertad says:

          Stop the corruption and forced choices.

          Ask PCF and UFCW why they proposed their anti-Colorado ballot items…it was to corruptly “sell labor peace”.

          You twits are corrupt extensions of selling labor peace. Now go back to unionizing government employees…at least they have the Right to Work!

          FORCED DUES & FEES GO TO CRIMINAL PAYOFFS AND POLITICAL PAYOFFS

          YOUR BECK RIGHTS AT WORK

          YES ON 47 AND iNITS 53 & 59

      • Libertad says:

        Yep sportsfans, in CNBCs survey states ranking #40-50 (as in worst business states) are all forced unionism states.

        p.s. for your technocrats and whiners that means no right-to-choose laws for the workplace.

        Thank God Colorado Governor Bill Ritter, Jr. had the moral character to give Colorado’s state workers the right to choose (aka the Right to Work).

        Shouldn’t all Coloradans have equal work place rights like our brothers and sisters in the State government?

        Shouldn’t we extend this fair and moral right of choice to all Coloradans?

        Shouldn’t all Unions be competitive like ColoradoWINS who represents state employees?

        YES on 47 is a vote for choice.

  2. jenny4304 says:

    This news makes clear that it’s exactly the wrong time for out of state special interests to interfere with our economy by changing our constitution.  When unemployment is way up, we don’t need their meddling.  But that what the people backing Amendment 47 and Initiatives 53 and 59 are trying to do.  

    We should all refuse to sign and if they end up on the ballot we should vote NO.

    • NoOn47 says:

      “The U.S. Bureau of Labor Statistics reports that an average worker in the 22 states with right-to-work laws earns about $7,131 a year less than workers in free bargaining states ($30,656 versus $37,787). Nationwide, union members earn $9,308 a year more than non-union workers, $41,652 versus $32,344.”

      http://www.denverpost.com/opin

      • Libertad says:

        85% of the Top 10 states have Right to Work, Amendment 47 would make that 90%!

        note: Colorado gets half credit because state employees have the protection of no union security clause (aka the Right to Work).

        Amendment 47 moves Colorado in with the best of the Top 10: TX, VA, UT, ID, NC, SD, GA, and IA.

        YES on 47 for equal workplace choice!

      • Libertad says:

        CBNC report, Cost of Living:

        States ranking #1-10 are all Right to Work states.

        States ranking #40-50 are Forced Unionism States(CO #30).

        I bet those unemployeed folks in NY, MI, OH, etc… just love those higher wages. Too bad their unemployment rates are so high, tax regiemes so brutal and new job formation so tough.



        For real employee free choice, it is YES on 47!

  3. DavidThi808 says:

    and move inland. So we are going to keep heading to the level that you presently see in California. And when it’s the worst here, you will see California already on it’s way back up.

    What’s interesting at my company, and we have over half our business outside the U.S., is that there is no world-wide problem. We’ve got plenty of business coming in from the rest of the world.

    And even here in the U.S., companies are still purchasing stuff. Things are slower but basic business investment seems to be occuring – at least in the IT sector.

  4. GOPpundit says:

    …for raising our property taxes. That’s sure to help poor stiffs out of a job. Hmm. Higher taxes in the face of higher unemployment and high gas prices is a bad idea and Ritter will continue to catch hell for it.

    • DavidThi808 says:

      Except they’re not. Maybe people understand the need for taxes? If so, that spells the end of the “let’s emulate Somalia” wing of the Republican party.

      • Libertad says:

        Be it Enacted by the People of the State of Colorado:

        SECTION 1. Article XVIII of the constitution of the state of Colorado is amended BY THE ADDITION OF A NEW SECTION to read:

        Section 16. Right to work.

        (1) THIS AMENDMENT SHALL BE KNOWN AND MAY BE CITED AS THE “COLORADO RIGHT TO WORK AMENDMENT”.

        (2)(a) NO PERSON SHALL, AS A CONDITION OF EMPLOYMENT, BE REQUIRED TO:

        (I) BE A MEMBER OF A LABOR UNION; AND

        (II) PAY ANY DUES, FEES, ASSESSMENTS, OR OTHER CHARGES OF ANY KIND TO A LABOR UNION OR TO ANY CHARITY OR OTHER THIRD PARTY, IN LIEU OF SUCH PAYMENTS.

        (2)(b) NOTHING IN THIS SECTION SHALL PREVENT ANY PERSON FROM VOLUNTARILY BELONGING OR VOLUNTARILY PROVIDING FINANCIAL SUPPORT TO A LABOR UNION.

        (3) ANY PERSON WHO DIRECTLY OR INDIRECTLY VIOLATES ANY PROVISION OF THIS SECTION COMMITS A MISDEMEANOR AND UPON CONVICTION THEREOF SHALL BE PUNISHED BY A FINE IN AN AMOUNT EQUIVALENT TO THE MOST STRINGENT MISDEMEANOR CLASSIFICATION PROVIDED BY LAW.

        (4) THIS SECTION SHALL APPLY TO ALL UNION EMPLOYMENT CONTRACTS ENTERED INTO AFTER THE EFFECTIVE DATE OF THIS SECTION AND SHALL APPLY TO ANY RENEWAL OR EXTENSION OF ANY EXISTING UNION CONTRACT.

        (5) AS USED IN THIS SECTION, “LABOR UNION” MEANS ANY ORGANIZATION OF ANY KIND, OR AGENCY OR EMPLOYEE REPRESENTATION COMMITTEE OR ORGANIZATION, THAT EXISTS FOR THE PURPOSE, IN WHOLE OR IN PART, OF DEALING WITH EMPLOYERS CONCERNING WAGES, RATES OF PAY, HOURS OF WORK, OTHER CONDITIONS OF EMPLOYMENT, OR OTHER FORMS OF COMPENSATION; ANY ORGANIZATION THAT EXISTS FOR THE PURPOSE OF COLLECTIVE BARGAINING OR OF DEALING WITH EMPLOYERS CONCERNING GRIEVANCES; AND ANY ORGANIZATION PROVIDING OTHER MUTUAL AID OR PROTECTION IN CONNECTION WITH EMPLOYMENT.

        SECTION 2. Effective date. This amendment shall take effect upon proclamation of the vote by the governor.

        • RedGreen says:

          It’s like being rear ended; hypnotized by the other guy that you liked it, but admitting it was your fault and your drunk; and then grinning your ass off as the cop shackles you in the cruisers backseat without a field sobriety test.

  5. rocco says:

    Unemployment figures never reflect folks that take 2-3 8.00 an hour jobs rather than get on the rolls. Everybody knows a story like a teacher or scientist that’s driving a hotel van, or a laid off factory worker working as a lot boy. I’m thinking the recession is in full gear. Remember bush 41 years, how the same things happening now were occurring then? Amazing how the same people steal from us over and over again, and how we never do the math. Neil Bush, Silverado. Mccain, Gramm, Keating. Never ends. And we never learn from it.  

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