Initial Claims in Colorado
COICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,783.00
Year-over-Year Change
-9.91%
Date Range
6/10/2006 - 8/2/2025
Summary
The Initial Claims in Colorado trend measures the number of individuals in Colorado who have filed for unemployment insurance benefits for the first time. This metric is a key indicator of the state's economic conditions and labor market dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Initial Claims in Colorado data series tracks the weekly number of new unemployment insurance claims filed by Colorado residents. This helps economists and policymakers monitor the health of the state's labor market and assess the impact of economic events or policy changes on employment.
Methodology
The data is collected by the U.S. Department of Labor from state workforce agencies.
Historical Context
Analyzing initial claims trends is crucial for understanding business cycle fluctuations and informing economic and workforce development policies.
Key Facts
- Colorado initial claims peaked at over 104,000 in April 2020 during the COVID-19 pandemic.
- Initial claims typically rise during economic downturns as more workers lose their jobs.
- The data is released weekly by the U.S. Department of Labor.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in Colorado trend measures the number of new unemployment insurance claims filed by Colorado residents on a weekly basis.
Q: Why is this trend relevant for users or analysts?
A: Monitoring initial claims is crucial for understanding the health of Colorado's labor market and identifying economic trends and disruptions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor from state workforce agencies.
Q: How is this trend used in economic policy?
A: Initial claims data helps economists and policymakers assess the impact of economic events or policy changes on employment and inform workforce development strategies.
Q: Are there update delays or limitations?
A: The data is released weekly, but there may be occasional delays or revisions due to the nature of unemployment insurance claims processing.
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Citation
U.S. Federal Reserve, Initial Claims in Colorado (COICLAIMS), retrieved from FRED.