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Christiane G. Karas specializes in ecologically conscious
properties. including active solar and passive solar construction,
in Colorado, Arizona, New Mexico, and Baja California, Mexico
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| OPINION: Colorado Economy Remains Stagnant |
| Alec Harris | 7/21/10 |
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| Back to the News Summaries |
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For a third straight month, Colorado's economy remains in the doldrums of recovery.
Many experts figure the Great Recession that began in December 2007 has ended, even though the official timekeepers have yet to officially declare a recovery is under way.
Whoever's right, the latest edition of Colorado Recession Watch from the Colorado Fiscal Policy Institute finds a prolonged malaise is hurting Coloradans, who are increasingly running out of unemployment benefits and looking to public services for help paying for food and medical expenses.
 In June 2010, the jobs picture improved slightly in the United States and remained largely unchanged in Colorado. The national rate of unemployment decreased slightly during the month, and 39 states experienced rate decreases. In employment, the spread was split, with a slight gain at the national level, just fewer than half of the states reporting employment increases or no change, and just more than half reporting employment decreases.
Colorado had no change in the unemployment rate and no meaningful change in total employment. This prolonged malaise is hurting Coloradans, who are increasingly running out of unemployment benefits, and looking to public services for help paying for food and medical expenses.
In June, the unemployment rate in Colorado stayed at 8 percent for the third straight month. Even at this high rate, Colorado continues to perform better than the nation as a whole. (Figure 1) Relative to other states, Colorado’s unemployment rate is the 31st highest, and its recessionary increase in unemployment ranks 33rd worst.
To read the full report, click here to download the PDF file.
Colorado Recession Watch is a monthly snapshot of the state's economy including looks at unemployment, employment, the depth and duration of the recession, construction jobs, Medicaid and CHP+, and food stamps.
To learn more about the work of the Colorado Fiscal Policy Institute and the Colorado Center on Law and Policy, visit our Web site. If you appreciate the work of the Colorado Center on Law and Policy, and its project the Colorado Fiscal Policy Institute, please consider a donation to help continue our work. |
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