Press Release: Update for the Week Ending March 6th: UI Claims and Reemployment Support

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For Immediate Release
 

Date: March 11, 2021
Contact: Office of Government, Policy and Public Relations - cdle_pr@state.co.us
 

Press Release: State Labor Dept. Update for the Week Ending March 6th: UI Claims and Reemployment Support

(DENVER) -- Today the Colorado Department of Labor and Employment (CDLE) reported that an estimated 11,944 regular initial unemployment claims were filed the week ending March 6th. There were also 1,454 Pandemic Unemployment Assistance (PUA) initial claims filed for the week ending March 6th.* 

Per USDOL guidance, CDLE has revised the reported number of PUA initial claims for the prior four weeks. These revised claims figures now only reflect those filing a new PUA claim or those who had intervening employment between active gaps within the PUA program. The claims that were removed from the previously reported numbers were existing PUA claims that had a break in filing that was not related to new employment, and the claims were subsequently reopened when programming became available to do so. The new PUA initial claims numbers are as follows: week ending February 6th (520); week ending February 13th (198); week ending February 20th (166); week ending February 27th (2,137). Since mid-March 2020, an estimated total of 857,960 regular initial unemployment claims have been filed and a grand total of 1,114,359 claims, including federal PUA benefits.

For the week ending February 27th, a combined total of 207,686 continued claims were filed from the regular UI (91,354), PUA (56,267), and Pandemic Emergency Unemployment Compensation (PEUC) (60,065) programs. CDLE estimates those continued claims were filed by approximately 207,383 individuals (82,871 for regular UI; 48,923 for PUA, and 75,589 for PEUC).** Weekly initial and continued claims figures can be viewed in the attached PDF at the end of this press release.

 

Additional data

Benefits paid March 29, 2020 - March 6, 2021:
Weekly amounts for non regular UI programs can be viewed in the attached PDF at the end of this press release.

Weekly amounts for non regular UI programs can be viewed in the attached PDF at the end of this press release.

Regular UI: $2.76 Billion
Week ending March 6: $32.5 Million                

Pandemic Unemployment Assistance
(gig workers/self-employed): $1.18 Billion

Federal Pandemic Unemployment Compensation
($600/weekly UI benefits to eligible claimants, CARES Act;
 $300/weekly UI benefits to eligible claimants, CAA): $3.01 Billion

Pandemic Emergency Unemployment Compensation
(extends unemployment benefits by up to 13 weeks, CARES Act;
 extends additional 11 weeks, CAA): $588.9 Million

State Extended Benefits
(extends unemployment benefits an additional 13 weeks): $30.7 Million

Lost Wages Assistance                             
($300/weekly UI benefits to eligible claimants, fall 2020): $389.2 Million

Total: $7.96 Billion
 



Helping Coloradans with Reemployment Support

CDLE and its partners hold regular, no-cost training that can help unemployed Coloradans get rehired. A sampling of events is below and a complete list of events, workshops and training opportunities is available on the CDLE website

Trainings and Resources for Job Seekers
Monday, March 15, 11:00 am - 11:30 am: Denver Workforce Services “Now Hiring” Series
Tuesday, March 16, 1:30 pm - 3:30 pm: LinkedIn Training
Wednesday, March 17, 1:00 pm - 1:30 pm: Careers in Tech
Thursday, March 18, 1:30 pm -3:30 pm: Resumes Part 1
Friday, March 19, 11:00 am - 12:00 pm: HOPE: Helping Offenders Pursue Employment (Greeley, in person) 918 10th St, Greeley, CO 80631, USA, 970-400-6791

 

Who’s Hiring

As of March 10, 2021, there are 79,525 job postings listed on ConnectingColorado.com, the state’s jobs database.

  • The following areas and industries have the most job openings as of March 10, 2021: 
    • Administrative and support and waste management and remediation services (24,032)
    • Professional, scientific and technical services (17,794)
    • Healthcare and social assistance (15,866)
  • Job titles posted most often: 
    • Registered nurses (9,482)
    • Heavy and tractor-trailer truck drivers (8,264)
    • Software developers (6,382) 

The Colorado Department of Labor and Employment and the Office of the Future of Work publish articles to share hiring trends and highlight online and in-person resources to connect workers with meaningful employment. This week, we’ll give you an update on last week’s job postings and share the OFOW's first annual report. Read the latest article here.

 

Updates to detailed initial and continued unemployment claims data that have been available here, will be delayed for an indeterminate period of time. The delay is due to the modernization of Colorado’s unemployment insurance system and impacts to underlying reports that are used to generate these datasets. 

*Initial claims are claims filed to establish (via a new initial claim) or reestablish (through an additional initial claim after an intervening period of employment) benefit eligibility. Initial claims are typically considered a reliable leading indicator of economic activity. All applications filed are those applications for benefits filed with the Colorado Department of Labor and Employment and may not have been through various eligibility determination e.g. wage verification, etc.

As previously reported, the Department has identified an increase in reports of UI fraud that is likely connected to the expiration of CARES Act programs. Therefore, initial claims for the week ending March 6th have been adjusted in an attempt to account for fraudulent activity within regular UI. Going forward, CDLE will adjust regular UI initial claims data for fraudulent activity, as well as publish revisions to prior weeks, when necessary. PUA initial claims are also adjusted to account for fraudulent activity.

**Continued claims are filed to request payment for a given week after eligibility has been established. Weeks claimed provide information as to current labor market conditions.

Continued claims can be used as a proxy to roughly estimate the number of claimants receiving UI benefits in a given week. However, backdating of claims within PUA and PEUC (due to the reestablishment of those programs through the Continued Assistance Act) significantly limits the use of continued claims as the aforementioned proxy on a week-to-week basis. For an alternative source, CDLE recommends using the weekly PUA and PEUC individual continued claim counts provided above. The Department also produces a report that captures the number of UI payment recipients, by program type, on a monthly basis. The monthly data can be viewed in the final pages of the attached PDF at the end of this press release and has been updated through February 2021.

 
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Colorado Unemployment Insurance Charts Through Week Ending March 6, 2021