Digging In The Dirt In Leadville Today
Help Wanted. You’ve heard the words, you’ve seen the signs all over Leadville Today, and maybe you’ve even heard the stories from employees, from employers. Now here are the true stats about where Lake County stands when it comes to the employment situation from the state experts at Colorado Department of Labor Employment (CDLE).
According to the May 2021 CDLE report, Lake County soared to a near-record 15% unemployment rate. While some point to the annual “shoulder season” gap mountain communities often face during the in-between time of skiing and rafting or another summer activity, this normal dip in employment numbers has added to the overall recovery stall to push Leadville into some of the highest numbers reported in the monthly state report. However, compared to neighboring Summit County (19.4%), Pitkin/Aspen (20%) and Eagle County (17.7%), Lake County appears to be holding its own.
While the latest numbers don’t change the situation or surprise anybody on historic Harrison Avenue, it’s good to know that CDLE continues to offer some FREE and low-cost opportunities for both those looking and those hiring for work. In this post, Leadville Today (LT) continues its coverage of labor and employment in America’s highest city. The report kicks off with a number of ongoing incentives to get folks back to work as well as assistance for those who continue to experience financial hardship. It’s some getting back to work #newsyoucanuse for a Monday morning!
There’s still time to take advantage of Colorado Jumpstart, a monetary incentive program designed to support unemployed Coloradans as they return to work. Colorado unemployment claimants currently receiving either state unemployment benefits or Pandemic Emergency Unemployment Compensation (PEUC) benefits may be eligible to receive an incentive payment of $1,200 if they return to work before June 26, 2021.
Participating in Colorado Jumpstart is easy. If you’ve returned to work or accepted a job offer, simply answer yes to the “Have you returned to work” question during your weekly certification. You’ll then be presented with an option to opt in to Colorado Jumpstart. You’ll receive the first half of your incentive after approximately four weeks of employment, with the second half paid after approximately eight weeks of employment.
Unfortunately, claimants receiving Pandemic Unemployment Assistance (PUA), claimants participating in workshare programs, and out-of-state claimants are not eligible to participate in Colorado Jumpstart. For more information, visit ColoradoUI.gov.
Emergency Rental Assistance
Did you know that if you have been unable to pay your rent due to financial hardship caused by the COVID-19 pandemic, emergency assistance is available? The Colorado Emergency Rental Assistance Program (ERAP) can help renters as far back as April 2020. Help can include past due, current, and two additional months of expected rent costs. After the initial assistance, you can apply for additional assistance, if funds are still available. For more information about the Colorado Emergency Rental Assistance Program, visit https://cdola.colorado.gov/rental-mortgage-assistance.
Sector of the Week
As pandemic-related restrictions continue to ease up, an increasing number of employers are beginning to resume hiring. Each week CDLE highlights a sector that’s hiring. This week’s sector is legal work. According to EMSI, 836 open positions in the industry were listed in Colorado just last week. In the past month, 229 legal jobs were listed on ConnectingColorado.com.
The following areas and industries have the most job openings as of June 2, 2021:
- Administrative and support and waste management and remediation services (28,107)
- Professional, scientific and technical services (20,525)
- Healthcare and social assistance (16,565)
- Job titles posted most often:
- Registered nurses (10,151)
- Heavy and tractor-trailer truck drivers (7,523)
- Software developers and software quality assurance analysts and testers (7,373)
- Workplace succession/employee development webinar
Succession planning is a process for identifying and developing internal people with the potential to fill key business leadership positions in the company. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Taken narrowly, “replacement planning” for key roles is the heart of succession planning and aids in employee retention. Because of its importance for the business and its continuity, succession planning must be an ongoing process that is part of the business’s overall talent management strategy.
On May 27, the CDLE distributed a report to media outlets regarding the latest jobs number as of April 30, 2021. Here’s what they said:
- According to the survey of households, Colorado’s seasonally adjusted unemployment rate was flat in April at 6.4 percent. During the same period, the national unemployment rate increased one-tenth of a percentage point to 6.1 percent. Other highlights from the household survey:
- Colorado’s labor force grew by 8,900 in April to 3,197,300. The share of Coloradans participating in the labor force was 68.7 percent in April, which matches the pre-pandemic February 2020 labor force participation rate.
- The number of individuals employed in Colorado increased by 9,600 in April to 2,992,700, which represents 64.3 percent of the state’s 16+ population. While Colorado’s employment-to-population ratio continues to improve since April 2020, when it was 57.0 percent, it is still well below the pre-pandemic level of 66.8 percent.
- The Colorado counties with the highest unemployment rates in April were: San Miguel (10.0%), Huerfano (8.6%), Pueblo (8.6%), Gilpin (7.6%), Costilla (7.2%), and Fremont (7.2%). County-level unemployment rates are not seasonally adjusted and are directly comparable to Colorado’s April unadjusted rate of 6.3 percent.
- Employers in Colorado added 17,000 nonfarm payroll jobs from March to April for a total of 2,690,900 jobs. Private-sector payroll jobs increased 15,200 and the government added 1,800 jobs. Over the past 12 months, Colorado has gained back 247,700 of the 375,800 nonfarm payroll jobs lost between February and April of last year. That translates to a job recovery rate of 65.9 percent, which exceeds the U.S. rate of 63.3 percent. Other highlights from the establishment survey:
- March estimates were revised up to 2,673,900, and the over the month change from February to March was a gain of 7,700 rather than the originally estimated increase of 6,600.
- Private industry sectors with significant job gains in April were: leisure and hospitality (+9,900), education and health services (+2,900), and other services (+1,800). There were no significant private sector over the month declines.
- Since April 2020, nonfarm payroll jobs have increased 247,700, with the private sector adding 257,200 jobs and the government shed 9,500. The largest private-sector job gains were in leisure and hospitality (+111,500), trade, transportation, and utilities (+54,300), and education and health services (+37,200). During that same period, mining and logging (-3,700) and information (-1,800) payroll jobs declined. Colorado’s rate of job growth over the past year is 10.1 percent, compared to the U.S. rate of 10.9 percent.
- Over the year, the average workweek for all Colorado employees on private nonfarm payrolls increased from 32.7 to 33.7 hours, while average hourly earnings decreased from $32.05 to $31.08, approximately ninety cents more than the national average hourly earnings of $30.17.
CDLE Revises Numbers
Last week the Colorado Department of Labor and Employment (CDLE) reported in their May 27, 2021 press release to media outlets, that 4,119 regular initial unemployment claims were filed the week ending May 22nd. There were also 877 Pandemic Unemployment Assistance (PUA) initial claims filed for the same week.
The notice also made mention of several revisions that CDLE made in some of its previous numbers reports. For example, CDLE revised claims data back to the week ending January 16, which coincides with the launch of the new MyUI+ system. Regular UI initial claims were revised down a total of 86,650 for the period of January 10 to May 8. PUA initial claims were revised down a total of 5,583 during that same period. After revisions, a total of 852,672 regular initial unemployment claims have been filed since mid-March 2020, and a grand total of 1,117,904 claims, when the PUA program is included.*
Continued claims data for the regular UI and PUA programs were also revised back to the week ending January 16th. Regular UI continued claims were revised down an average of 27,600 per week for the period of January 10th to May 8th. PUA continued claims were revised down an average of 20,114 per week during that same period. Please note that prior to these published revisions, reported regular UI and PUA continued claims were not adjusted to account for potential fraudulent activity. For the week ending May 15th, the number of continued weeks requested totaled 145,305. That includes the following totals by UI program: regular UI (40,807), PUA (25,865), and Pandemic Emergency Unemployment Compensation (PEUC) (78,633).**Details? CONNECT HERE.
As of May 26th, a total of 1567 claimants have opted into the new Colorado Jumpstart program since Sunday, May 23rd. The return to work incentive program is designed to help make the transition back to work for unemployed Coloradans, a successful one. Claimants who return to work in May and June may be eligible to receive a Colorado Jumpstart incentive payment of up to $1,600. Newly employed workers must maintain gainful employment for at least eight weeks to receive the full incentive. A full list of eligibility requirements is posted on ColoradoUI.gov. The number of claimants opting into the program will be published every Monday on the UI Daily Dashboard.