Monday, February 15, 2010

Recession has hit hard for Colorado workers

The recession that started in December 2007 left an estimated 105,900 Coloradans out of work, a group of people equal in size to the population of Pueblo.

That's one of the major findings from the "State of Working Colorado," a report issued Friday by the Colorado Fiscal Policy Institute. The report examines trends in employment, poverty and other issues during the past 10 years. Here's a brief excerpt of the report, one of several I'll be posting here.

"In November 2009 Colorado gained 1,800 jobs. That marked the second consecutive month of net job growth and the first upward employment trend since the beginning of the recession. However, the state was still down 18,900 jobs (0.8% of pre-recession workforce) since May and down 90,000 jobs (3.9% of pre-recession workforce) since November 2008. Since the recession officially began in December 2007, Colorado has experienced a net loss of 105,900 jobs, or 4.5% of its workforce, ranking 27th nationally in recessionary job loss."












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