Keyword: Unemployment

Redi Reports

• Data from the US Department of Labor provide a useful historical look at a number of important components of state unemployment insurance programs, including average benefit levels, tax rates, number of exhaustions, and recipiency rates. • Compared to other states, Colorado is roughly average in a number of metrics, including recipiency, benefit adequacy, and financing – arguably the three most important areas in which to judge a social insurance program.…

Redi Reports

Currently in Colorado, as in rest of the country, we are experiencing a health crisis caused by the novel coronavirus. The necessary social distancing measures to control this pandemic have already caused our economy to spiral and millions of people to lose their livelihoods. The health crisis has now evolved into an economic crisis, the impacts of which vary by gender, race/ethnicity, immigration status and class.

Redi Reports

Using data from the Bureau of Labor Statistics (BLS), I look at the intersection of the unemployment provisions of the CARES Act, Colorado’s unemployment insurance (UI) scheme, and the Colorado labor market. I find that the wage replacement rate (WRR) – the percent of wages replaced by UI benefits – for the majority of Colorado workers is greater than 100%.…
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