Colorado’s job losses worst in 65 years |

Colorado’s job losses worst in 65 years

Aldo SvaldiThe Denver Post

Colorado’s economy shed a record number of jobs in the past year with losses, measured on an annualized percentage basis, the worst on record in 65 years.”Overall this is a pretty gloomy picture,” said Bill Kendall, an economist with the Center for Business & Economic Forecasting. “This is a tough time to be in the labor market.”A year ago in June, Colorado employers reported 2.38 million nonfarm jobs, a record high. When labor statisticians did their counts last month, the state had lost 104,400 payroll jobs, a decline of 4.4 percent.That loss wiped out about three years of job gains in the recovery that followed the 2001 recession, said Gary Horvath, a business researcher with the University of Colorado at Boulder Leeds School of Business. For more of this Denver Post story:

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