Colorado's unemployment insurance trust fund through the great recession and recovery
(eBook)
Published
Denver, Colo. : Colorado Department of Labor and Employment, Labor Market Information, [2015].
Physical Desc
1 online resource (43 pages) : illustrations
Status
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Format
eBook
Language
English
Notes
Description
The Great Recession of 2007 wreaked enormous economic damage throughout the nation. Not only were employment losses the greatest since the 1930s but other aspects of labor market activity, such as labor force participation, declined to levels not seen since at least the late 1970s. The surge in unemployment and ensuing slow recovery in hiring placed tremendous strain on many state unemployment insurance trust funds. As a result, more than 30 state trust funds, including Colorado's, became insolvent during the recession. In order to continue paying unemployment insurance benefits these states had to borrow money from the U.S. Department of Labor. Many statewide economic indicators have gradually improved over the past few years allowing Colorado's unemployment insurance trust fund to strengthen. However, some measures of labor force activity have not yet returned to their pre-recession levels.
Citations
APA Citation, 7th Edition (style guide)
Colorado. Labor Market Information. (2015). Colorado's unemployment insurance trust fund through the great recession and recovery . Colorado Department of Labor and Employment, Labor Market Information.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)Colorado. Labor Market Information. 2015. Colorado's Unemployment Insurance Trust Fund Through the Great Recession and Recovery. Colorado Department of Labor and Employment, Labor Market Information.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)Colorado. Labor Market Information. Colorado's Unemployment Insurance Trust Fund Through the Great Recession and Recovery Colorado Department of Labor and Employment, Labor Market Information, 2015.
MLA Citation, 9th Edition (style guide)Colorado. Labor Market Information. Colorado's Unemployment Insurance Trust Fund Through the Great Recession and Recovery Colorado Department of Labor and Employment, Labor Market Information, 2015.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
Staff View
Grouped Work ID
647ca818-2a0d-4166-ab43-96d3531cbbba-eng
Grouping Information
| Grouped Work ID | 647ca818-2a0d-4166-ab43-96d3531cbbba-eng |
|---|---|
| Full title | colorados unemployment insurance trust fund through the great recession and recovery |
| Author | colorado labor market information |
| Grouping Category | book |
| Last Update | 2022-06-13 10:33:16AM |
| Last Indexed | 2024-04-27 01:25:14AM |
Book Cover Information
| Image Source | default |
|---|---|
| First Loaded | Jul 6, 2022 |
| Last Used | Apr 6, 2024 |
Marc Record
| First Detected | Mar 19, 2019 12:00:00 AM |
|---|---|
| Last File Modification Time | Jul 31, 2021 04:37:21 AM |
MARC Record
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| 520 | |a The Great Recession of 2007 wreaked enormous economic damage throughout the nation. Not only were employment losses the greatest since the 1930s but other aspects of labor market activity, such as labor force participation, declined to levels not seen since at least the late 1970s. The surge in unemployment and ensuing slow recovery in hiring placed tremendous strain on many state unemployment insurance trust funds. As a result, more than 30 state trust funds, including Colorado's, became insolvent during the recession. In order to continue paying unemployment insurance benefits these states had to borrow money from the U.S. Department of Labor. Many statewide economic indicators have gradually improved over the past few years allowing Colorado's unemployment insurance trust fund to strengthen. However, some measures of labor force activity have not yet returned to their pre-recession levels. | ||
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