Earlier today, the new weekly unemployment insurance claims for the week ending April 11th were released. Colorado saw a record setting 105,000 new claims, surpassing the weekly record of just two weeks ago. This brings the total portion of the Colorado labor force that has filed for unemployment insurance to 7.5%. Featured in our report released yesterday, were estimates from the Tax Foundation on how long the current unemployment insurance trust fund could sustain the current level of benefit claims. For the number of claims through April 4th, the trust fund could remain solvent for 27 weeks. With the latest week of claims, through April 11th, the trust fund can only remain solvent for 8 weeks. While this situation is dire, California and New York face insolvency in just two weeks and Texas in 3. Read the full analysis here. https://taxfoundation.org/unemployment-insurance-claims/