Regular jobless claims in Colorado peak in four months as tighter restrictions to tackle COVID-19 reduce economic activity statewide.
According to a Colorado Department of Labor and Employment Thursday update.
This is the highest total in Colorado since 10,506 regular claims were filed the week of July 11. Nationally, regular initial claims increased from 31,000 to 742,000 last week. But they remain below October levels, unlike Colorado.
The top industries for Colorado workers who made regular claims last week were accommodation and food services, at 16.9% of the total, followed by construction at 13.7%, administrative services and food services. support, 10.1%, health care and social assistance at 8.8% and retail. at 8.5%.
Normally, the state reports initial claims for the Pandemic Unemployment Assistance Program alongside regular claims, but withheld the information so it could sort out what could be an increase in fraudulent claims in the program created this year. year to help the self-employed.
“Initial PUA requests for the week ending November 14 are currently not available, as the CDLE continues to analyze characteristics of PUA requests that could contribute to the increase seen in recent weeks,” the department said. in its press release. “Nationally, the PUA program has been inundated with fraud since its inception under the CARES Act.”
For the week of Nov. 7, the ministry reported 7,281 initial PUA claims, which it revised down this week to 6,121. But even after review, suspicious claims rose 69% in just one week.
“After a strong recovery from the severe recession in March and April, the economy faces increased risk as we wait for the delivery of vaccines that are believed to be effective, which gives us real hope,” said Mark Hamrick, analyst Bankrate.com’s chief economic officer, in its comments on the national report. unemployment figures.
A combined total of 224,076 continuing claims were active in Colorado on the week of November 7, including 86,142 regular claims, 78,759 PUA claims, and 59,175 Emergency Pandemic Unemployment Compensation claims, which helps workers who need an extension of their benefits.
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