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Tuesday, January 13, 2009

New unemployment in Colorado hits record high


The 25,000 new unemployment claims in Colorado for December topped the previous record of 21,000 set in October 2001. The state’s unemployment rate was up to 5.8 percent in November, 4 percent higher than a year earlier. Economists predict the rate will be 6.4 percent in 2009. Only half of the estimated 5,000 people seeking unemployment claims each day are able to get help.

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