Although unemployment duration is slightly declining in the last few years, in 2012, more than 1 in 3 unemployed Coloradans had been jobless for at least 6 months. Find more details here. Unemployment insurance helps bridge that gap for about 1 in 4 Coloradans, for up to 26 weeks. There have also been federal supplements to extend benefits for some workers for up to 63 total weeks.
The number of unemployed Coloradans receiving unemployment insurance is roughly the same as the nation-wide average. However, 57.3% of Coloradans exhaust the standard 26 weeks of benefits, compared with 48.8% of unemployed workers receiving benefits nation-wide. Essentially, Coloradans are out of work longer than the national average, and in the majority of cases are still looking for work even after 6 months of unemployment benefits.
Again, this report could be of particular use to experts considering the employability of workers reentering the work force after an injury, especially those with minimal educational attainment.
Workers’ Compensation can be difficult, confusing, and very complex. Kaplan Morrell has helped thousands of injured workers since 1997 get the benefits they deserve. Contact us here or call us at 303-780-7329 for your FREE CONSULTATION.