job loss

Behind the headlines: Colorado economy doing well compared to many states

Type: Email Communications
Published Date: June 30, 2008
Author: Lara, Christen

By Christen Lara
Colorado College research fellow
lara@thebell.org

The Legislative Council staff's June economic forecast, released last week, shows Colorado continuing "to suffer through one of its worst downturns in over 50 years." Unemployment reached a two-decade high – Colorado's rate was 7.6 percent in May – and the council's economists expect things to worsen. Their forecast shows the average unemployment rate rising to 9.6 percent in 2010.

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