The economy is dragging along and there is very little help to be expected from the local government as well the Federal Government. Grid-lock in DC is definitely to go on until after the 2012 election if you ask me. The Tea Party has already shown that they are willing to wreck this county when the shutdown of the Federal Government loomed during summer and unfortunately that is going to continue until election time next year. Not much hope for those who are looking for work or who are working 2 or 3 jobs to stay afloat.
The August unemployment rate for the State of Colorado has been 8.5% while the national unemployment rate is at 9.1%. Keep in mind that these statistics do not contain many people who have given up and therefore dropped out of these rankings. The actual unemployment rates are way higher.
Job growth has been non-existent. As a matter of fact, we lost jobs last months as employers laid off more people again. Definitely not a good sign, especially considering that the last quarter is often much weaker with adding long-term jobs to the economy. Sure, retailers will hire for the Christmas season, but these people will be out of work again in January. From July 2011 to August 2011 the Colorado economy lost 1,800 jobs. The only good news is that the same period last year saw a much bigger loss of people being employed.
According to Help Wanted On-line the top 3 job occupations by the sheer number of job wanted ads are 1) Registered Nurses 2) Retail Salespersons 3) Managers in Retail. 1 and 3 are jobs that are not very high paying and so these jobs will not make a significant difference with the economic growth. The good news however is that they help at least those people to put food on the table which is important.
The Colorado Department of Labor and Employment actually has an entire web page dedicated to help employees and employers. The website provides statistical information and helpful links. Individuals can search for jobs and also read up minimum wage and regulations.
The website can be found here.