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Colorado unemployment filings decline for sixth straight week, though payouts remain high - The Colorado Sun

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Unemployment filings in Colorado declined for the sixth straight week last week as an increasing number of businesses in the state reopen their doors after being shut down because of the coronavirus crisis.

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The Colorado Department of Labor and Employment said on Thursday that 15,603 initial claims were filed last week by people normally eligible to collect benefits. That’s compared to 17,825 initial claims submitted the week before by so-called “regular” workers.

Another 6,635 self employed or gig workers filed for benefits last week. They are not normally eligible to collect unemployment aid, but under Congress’ coronavirus aid package they are during the pandemic.

Over the past ten weeks, since the coronavirus crisis began in earnest in Colorado, a total of 498,851 unemployment claims — including from both regular unemployment recipients and gig or self-employed workers — have been filed in Colorado.

Unemployment benefits payouts in Colorado remain remain at record-high levels. Last week, the state distributed $95.3 million.

By comparison, during the height of the Great Recession $19 million in regular unemployment benefits were paid out on an average weekly basis. 

Nationally, an estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the running total since the coronavirus shutdowns took hold in mid-March to about 41 million, the government said Thursday.

The U.S. unemployment rate was 14.7% in April, the highest since the Great Depression, and many economists expect it will near 20% in May.

In Colorado, the unemployment rate in April was 11.3%.

The Associated Press contributed to this report.

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