The last 24 hours have brought about more unprecedented news. Yesterday’s ruling by the state supreme court in a 4-3 decision, means that lawmakers will be allowed to resume the 2020 legislative session and retain the remaining 53 days on the calendar. You can read the story here. https://coloradosun.com/2020/04/01/colorado-supreme-court-legislature-120-days/
And earlier today, we learned that the weekly unemployment claims for the US doubled from the previous week to reach 6.6 million new claims.
In Colorado the number of claims tripled from 19,745 to 61,583 for the week ending March 28th. For a reminder, the highest number of weekly claims during the financial crisis never rose above 8,000. In the same press release they also indicated the full March job numbers will be released April 17th, which will be another indication of what the impacts have been on a more detailed level. https://www.colorado.gov/pacific/cdle/news/state-labor-department-more-60000-initial-unemployment-claims-filed-march