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Colorado Recession Watch

Unemployment figures have improved recently, and the “Great Recession” is likely nearing an end in Colorado. However, the downturn has deeply impacted the state and national economies, proving longer and more painful than any recession in recent history.

In November 2009, Colorado’s unemployment rate dropped 0.1 percentage points to 6.9%—the fourth consecutive month the state jobless rate has stayed level or declined. In another positive trend, the state economy gained jobs on net for the second straight month, adding 1,800 jobs in November. Unfortunately, unemployment is still up nearly three percentage points and employment down more than 100,000 jobs on net since the recession began. What’s more, enrollment in food stamp assistance (SNAP), medical programs for the poor (Medicaid) and for children (CHP+) has grown at a dramatic rate since the onset of the downturn, and shows no sign of slowing. Colorado has a long way to go to recovery.

Released Dec. 23, 2009

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