Press Release: Initial Unemployment Claims Dip Below 10K for First Time in Three Months

For Immediate Release

Date: June 25, 2020
Contact: Office of Government, Policy and Public Relations - cdle_pr@state.co.us


(DENVER) -- Today the Colorado Department of Labor and Employment (CDLE) reported that initial claims for regular unemployment fell below 10,000 for the first time in three months with 9,882 claims filed the week ending June 20th. There were also 10,385 Pandemic Unemployment Assistance (PUA) claims filed for the same week. Over the past 14 weeks, a total of 466,645 regular unemployment initial claims have been filed and a grand total of 588,988 claims, including federal PUA benefits.*

The Department also announced it has paid out approximately $2.7 billion in unemployment benefits since March 29th. That amount includes regular unemployment benefits, and those filing Pandemic Unemployment Assistance (PUA) claims and Federal Pandemic Unemployment Compensation (PUC) claims, which provides eligible claimants an extra $600 in federal benefits each week. 
 

Benefits paid since March 29:
Regular UI: $971.0 Million

Pandemic Unemployment Assistance (gig workers/self-employed): $327.0 Million

Federal Pandemic Unemployment Compensation
($600/weekly UI benefits to eligible claimants): Apx. $1.47 Billion

Total: $2.74 Billion

Benefits paid: Regular UI
Week ending June 20: $90.4 Million

Most recent industry-level claims data is for the week ending June 6th.

Top 10 industries with highest Initial claims:**
#1  Accommodation and Food Services: 1,172 (11.6% of claims for week)
#2  Education Services: 1,138 (11.3%)
#3  Healthcare and Social Service: 1,058 (10.5%)
#4  Administrative and Support and Waste
      Management and Remediation Services: 909 (9.0%)
#5  Retail Trade: 864 (8.5%)
  
#6  Manufacturing: 845 (8.4%)
#7  Transportation and Warehousing: 670 (6.6%)
#8  Construction: 510 (5.0%)  
#9   Professional and Technical Services: 504 (5.0%)
#10 Arts, Entertainment, and Recreation: 453 (4.5%)   

* Initial claims are claims filed to establish benefit eligibility. Initial claims are 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.

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