More than 10,700 people applied for new unemployment in Colorado last week, the highest total since July.
A surge in records came as public health officials tightened restrictions on businesses in Denver and Adams counties amid a spike in COVID-19 cases. It is a sign that the new coronavirus was decisive in economic growth more than six months after appearing in Colorado.
In total, 7,116 people applied for state-provided benefits for the week ending October 31, according to the Colorado Department of Labor and Employment. Another 3,625 Coloradans have applied for federal-sponsored Pandemic Unemployment Assistance, a program launched this spring to help contract workers and self-employed people.
Those 10,741 total, up more than 25% from 8,585 people seeking help in the state for the week ending Oct. 24. This was the biggest one-week spike in new filings since the start of the season. spring when weekly records regularly attract 40,000 marks.
An estimated 771,000 people have applied for benefits in Colorado since the pandemic broke out in mid-March, according to the labor department. Of those, more than 207,000 people are receiving ongoing benefits and more than 48,000 are receiving federal extended benefits showing that they received assistance for more than 26 weeks.
Hospital admissions for severe COVID-19 are expected to rise beyond the previous record high set in April in Colorado over the next few days. The increase in cases and hospital admissions has raised serious concerns about hospital capacity and prompted public health officials to refrain from public and private gatherings in the ship area. Underground.
Last week, Denver and Adams Counties, home to more than 1 million people combined, moved to the second highest limit for the state color-coded COVID-19 dial. Capacity is limited to most businesses at 25%, down from 50% that most operate in most summer and early fall.
State data tracking new county unemployment claims is only updated for the week ending Oct. 17, so it’s too early to say clearly how those restrictions may affect your business. in those locations, but Denver and Adams counties were not alone in facing stricter protocols.
Boulder and Broomfield counties will face tighter restrictions, including a 25% capacity limit for most businesses, starting Friday. Jefferson County will move into that phase on Monday, public health officials announced.
Nationwide, the number of new filings fell slightly last week to 751,000. Senate Majority Leader Mitch McConnell has indicated a new coronavirus stimulus bill will take precedence when lawmakers return to Washington next week but because Colorado’s unemployed population indicates the economy may depend more on how to control – or get out of control – the virus was in for months.
“With the recent increase in COVID cases, consumers have been prompted for the reason to be cautious about questioning out in public. Mark Hamrick, senior economic analyst with Bankrate, said in a statement Thursday. “They are likely to be fully recovered only after a safe and effective vaccine is widely available.”