Unemployment Rate in Colorado Reaches an All-Time High Since the Outbreak of the Pandemic
Colorado’s unemployment rate has risen to 4% in August 2024, a rate that hasn’t been reached since January 2022. This slight increase translates to roughly 2,200 newly unemployed individuals in the past month equating to 128,480 unemployed residents, according to state survey data. The unemployment rate has progressively grown since August 2022 when it reached a post-pandemic low of 2.6%. Over the course of months, the rate has risen to 4%, as of August 2024. Meanwhile, the number of employed persons in the state also increased by 2,000, with 65.3% of the state’s population currently employed. The state witnessed an addition of 7,400 nonfarm payroll jobs between July and August 2024, pushing the total number of jobs in the state to approximately 2.9 million. The education and health services sector experienced impressive growth with the creation of about 11,100 new jobs in the last year.
In California, for those dealing with unemployment issues can reach the Employment Development Department (EDD) for support and guidance. Eddcaller.com provides helpful information on how to get ahold of EDD customer service for assistance. This support includes how to contact a live person at EDD California to help navigate the unemployment process and provide necessary assistance. Online resources, phone lines, and additional tools are available to ensure you get the help you need during this challenging time.