Colo. unemployment hits 20-year high

By: Associated Press Email
By: Associated Press Email

Denver (AP) - Colorado's unemployment rate has hit a 20-year high.
The state Department of Labor and Employment says the unemployment rate for February was 7.2 percent. It hasn't been that high since February of 1988. A year ago the rate was 4.5 percent.
The number of employed Coloradans fell by 21,500 people in February. The department says joblessness went up in 51 counties last month. There are now almost 200,000 people in Colorado looking for work.
Earlier this week, legislative economists warned that Colorado's unemployment benefits fund will be close to insolvency next year because of high demand. The fund likely will require bond issues or borrowing from the federal government.
(COPYRIGHT 2009 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 41975702 - nbc11news.com/a?a=41975702