With great excitement the Colorado Department of Labor and Employment announced that the state’s wage and salary employment finally returned to its peak in 2008.
It took five years for the state to return to the pre-recession employment levels.
Ugh!
A closer look at the unemployment data is even more disturbing. As a result of the downturn, the number of unemployed workers increased by 123,500. To date, this number has only decreased by 51,300. In other words, the number of unemployed workers is 72,200 greater than five years ago.
Clearly, there are many in the state who have not recovered from the Great Recession and the addition of 150,000+ jobs!
For additional details about the performance of the state economy, go to the cber.co website or click here.
©Copyright 2011 by CBER.