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Unemployment Claims in Colorado Rise, Reflecting National Trend
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Approved, State, thelobby-co.com

Unemployment Claims in Colorado Rise, Reflecting National Trend

By The Lobby Unemployment claims in Colorado saw an increase last week, mirroring the national trend, according to the U.S. Department of Labor. The data released by the Labor Department on Thursday revealed that initial filings for unemployment benefits in the state rose to 2,396 in the week ending January 27, up from 2,312 the previous week. This rise in new jobless claims serves as a proxy for layoffs and is indicative of the challenges faced by workers in Colorado. This increase in unemployment claims is part of a broader national trend. Across the United States, unemployment claims reached 224,000 last week, an increase of 9,000 claims from the previous week on a seasonally adjusted basis. Oregon experienced the largest percentage increase in weekly claims, with claims soa...
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Biden: jobs report ‘proof’ economy ‘strongest in the world’
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Approved, gazette.com, National

Biden: jobs report ‘proof’ economy ‘strongest in the world’

By Haisten Willis | Denver Gazette President Joe Biden called the United States economy the "strongest in the world' as the January jobs report showed the country adding 353,000 jobs last month. "Today, we saw more proof [of the economy's strength], with another month of strong wage gains and employment gains of over 350,000 in January, continuing the strong growth from last year," Biden said. "Our economy has created 14.8 million jobs since I took office, unemployment has been under 4% for two full years now, and inflation has been at the pre-pandemic level of 2% over the last half year." The economy beat expectations in January and added 353,000 jobs, the Bureau of Labor Statistics reported Friday morning, showing that the labor ...
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Colorado offered $1.45 billion in incentives to attract new business. About 5% was claimed.
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Approved, State, The Colorado Sun

Colorado offered $1.45 billion in incentives to attract new business. About 5% was claimed.

By Tamara Chuang, Colorado Sun If all 35 companies approved in 2023 take Colorado up on its offer of a tax credit to move or expand here, they’ll create more than 12,700 new jobs in the state in the next eight years.  The past year’s slate of approved job-creation tax credits is valued at $146 million, or double the amount approved in 2022 — and for twice the potential new workforce. From startups like Alquist, which plans to 3D-print houses in Greeley, to lithium-ion battery manufacturer Amprius Technologies in Brighton and several space- or semiconductor-related firms weighing a move to El Paso County, the new cohort joins more than 300 past awardees that have qualified for $1.45 billion of tax credits and created around 20,000 jobs in 14 years.  But so far, most award...
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Colorado’s Minimum Wage Hike Leads to Massive Layoffs
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Approved, State, thelobby-co.com

Colorado’s Minimum Wage Hike Leads to Massive Layoffs

SOURCE: THELOBBY-CO.COM Colorado’s decision to raise its minimum wage from $12.32 to $14.77 per hour has ignited a fierce debate over the effects on businesses and workers alike. While proponents argue that the increase will stimulate the economy and alleviate poverty, critics contend that it will have detrimental consequences for small businesses, potentially resulting in job losses and operational changes. According to a recent report by the Colorado Restaurant Association, over 40% of the state's restaurants have already reduced staff or hours in response to the wage increase. Major fast-food chains like McDonald's, Burger King, and Wendy's have also announced plans to automate their operations, replacing human workers with machines. Among the casualties of this wage hike is...
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