{"id":1320165,"date":"2020-05-23T11:36:39","date_gmt":"2020-05-23T17:36:39","guid":{"rendered":"https:\/\/www.vaildaily.com\/?p=478358"},"modified":"2020-05-24T07:58:32","modified_gmt":"2020-05-24T13:58:32","slug":"eagle-countys-unemployment-rate-tops-20-as-covid-19-continues-to-ravage-the-leisure-and-hospitality-industry","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kske\/local-news\/eagle-countys-unemployment-rate-tops-20-as-covid-19-continues-to-ravage-the-leisure-and-hospitality-industry\/","title":{"rendered":"Eagle County\u2019s unemployment rate tops 20% as COVID-19 continues to ravage the leisure and hospitality industry"},"content":{"rendered":"<figure class=\"wp-block-image p402_hide\">\n<div class=\"caption-container\">\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"204\" src=\"https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/05\/CDLE-logo-1024x204.png\" class=\"attachment-large size-large wp-post-image\" alt srcset=\"https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/05\/CDLE-logo-1024x204.png 1024w, https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/05\/CDLE-logo-300x60.png 300w, https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/05\/CDLE-logo-768x153.png 768w, https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/05\/CDLE-logo-1536x306.png 1536w, https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/05\/CDLE-logo-2048x408.png 2048w, https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/05\/CDLE-logo-600x119.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/p><figcaption><strong>Eagle County&#8217;s jobless rate hit a record 20.5% in April, higher than the state and national rates, says the Colorado Department of Labor and Employment,<\/strong><br \/><em>Colorado Department of Labor and Employment<\/em><\/figcaption><\/div>\n<\/figure>\n<p>Eagle County\u2019s unemployment rate hit a record of 20.5% in April, according to Colorado\u2019s Department of Labor and Employment data released Friday.<\/p>\n<p>That\u2019s higher than <a href=\"https:\/\/coloradosun.com\/2020\/05\/22\/colorado-coronavirus-unemployment-rate-april-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">Colorado\u2019s statewide rate of 11.3%<\/a>, up from 6.1% in April, and higher than the national rate of 14.7%. The national unemployment rate was 3.6% a year ago.<\/p>\n<p>That\u2019s Colorado\u2019s highest unemployment rate since the CDLE started keeping comparable records in 1976. The previous high was 8.9 percent from September to December 2010, according to CDLE data.<\/p>\n<p>Colorado lost 323,500 jobs from March to April. Of those, 311,400 were private sector jobs.<\/p>\n<div class=\"row\">\n<div class=\"col\" readability=\"6\">\n<div class=\"row vail-donation vail-donation-mobile p-0\" readability=\"7\">\n<div class=\"col-xl-4 p-2\">\n<div data-bg=\"url(https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/03\/VD-logo-white.png)\" class=\"p-0 mt-2 mb-2 h-75 text-center rocket-lazyload\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.vaildaily.com\/wp-content\/uploads\/sites\/7\/2020\/03\/VD-logo-white.png\" class=\"logo m-0 p-0 invisible\"><\/p>\n<\/div>\n<\/div>\n<p><h3 class=\"d-inline mr-3\">Support Local Journalism<\/h3>\n<p><button class=\"btn d-inline\" type=\"button\" onclick=\"handleDonationButtonClickMidArticle()\">Donate<\/button><\/p>\n<\/div>\n<p><\/div>\n<\/div>\n<p>Particularly hard hit were service industry jobs in the leisure and hospitality industry, with more than three times as many job losses as education and health services, the next highest category.<br \/>Coloradans are still working at 2,473,400 jobs, the CDLE said.<\/p>\n<p>Only Pitkin County (23.1%) and neighboring Summit County (21.1%) had higher unemployment rates than Eagle County among counties in Northwest Colorado.<\/p>\n<p>Colorado was in a three-way tie with Montana and New Mexico for the 15th lowest unemployment rate in the nation for April, according to labor department data.<\/p>\n<p>\u201cWe went from record-low to record-high unemployment in a matter of months, which is quite frankly unbelievable,\u201d Cher Haavind, the deputy executive director of the state labor department, said Friday during a call with reporters.<\/p>\n<p>More than 476,000 people&nbsp;<a href=\"https:\/\/coloradosun.com\/2020\/05\/21\/colorado-unemployment-claims-coronavirus-filed\/\" target=\"_blank\" rel=\"noopener noreferrer\">have filed initial unemployment claims<\/a>&nbsp;in Colorado since the coronavirus crisis hit the state in early March and jobs were slashed in industries ranging from tourism to retail and food service to hospitality.<\/p>\n<h3>Unemployment fund nearly depleted<\/h3>\n<p>That grim news follows a revelation that Colorado\u2019s unemployment fund is nearly depleted by the historically high number of new claims, more than 500,000 since mid-March. The $800 million in the fund is expected to last through July.<\/p>\n<p>To replenish the fund, employers can expect to pay between 54% and 85% higher premiums, the state\u2019s labor department said.<\/p>\n<p>In the meantime, unemployment claims will be paid and states can backfill their unemployment trust funds with 0% federal loans. Those loans, however, will have to be repaid by employers, the CDLE said.<\/p>\n<p><em><a href=\"https:\/\/coloradosun.com\/2020\/05\/22\/colorado-coronavirus-unemployment-rate-april-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">This story includes reporting from the Colorado Sun<\/a>.<\/em><\/p>\n<p> <a href=\"https:\/\/www.vaildaily.com\/news\/eagle-countys-unemployment-rate-tops-20-as-covid-19-continues-to-ravage-the-leisure-and-hospitality-industry\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: Vail Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eagle County&#8217;s jobless rate hit a record 20.5% in April, higher than the state and national rates, says the Colorado Department of Labor and Employment,Colorado Department of Labor and Employment Eagle County\u2019s unemployment rate hit a record of 20.5% in April, according to Colorado\u2019s Department of Labor and Employment data released Friday. That\u2019s higher than [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[160],"tags":[],"class_list":{"0":"post-1320165","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-21 14:35:00","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSKE Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kske","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1320165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/comments?post=1320165"}],"version-history":[{"count":1,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1320165\/revisions"}],"predecessor-version":[{"id":1320168,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1320165\/revisions\/1320168"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/media?parent=1320165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/categories?post=1320165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/tags?post=1320165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}