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Impacts of Saving Colorado Businesses on the Current $5.3 Billion Tax Bill: Analysis of the Governor’s Budget Request to Contribute $600 Million to the State’s Unemployment Insurance Trust Fund

Impacts of Saving Colorado Businesses on the Current $5.3 Billion Tax Bill: Analysis of the Governor’s Budget Request to Contribute $600 Million to the State’s Unemployment Insurance Trust Fund

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Due to the influence of the COVID-19 pandemic and the state government’s policy responses, Colorado’s unemployment levels spiked in early 2020 and caused the state’s Unemployment Insurance Trust Fund to become deeply insolvent.

Colorado Jobs and Labor Force Update: October 2021

Colorado Jobs and Labor Force Update: October 2021

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Driven by labor shortages and increased employment opportunities, job growth in October surged to its highest monthly amount since July. Labor force participation of mothers during the pandemic lagged consistently up until September. Their overall participation rate in October remained higher than pre-pandemic levels for the second straight month.