08.24.2010 0

Recovery Summer and Stimulus: Colorado

Continuing on the Recovery Summer and Stimulus: State by State, we head to Colorado.

Quick Colorado facts:

  • The unemployment rate in Colorado in January of 2009 was 6.7%. As of June 30, 2010, the unemployment rate was 8%–an increase of 1.3%! (Source: Bureau of Labor Statistics)
  • According to Recovery.gov, Colorado has received 3,423 awards. This has resulted in $4,271,089,912 being spent to create/save 17,791.95* jobs. (Source: Recovery.gov)
  • The labor force of Colorado has shrunk by 68,992 people. In January of 2009, the labor force was 2,731,416 people strong and shrunk to 2,662,424 people as of June 2010. (Source: Bureau of Labor Statistics)
  • According to the Recovery Summer map, Colorado boasts a stunning 3 projects! (Source: Recovery.gov Summer of Recovery Map)
  • The number of people employed in Colorado has shrunk by 97,803 people! (Source: Bureau of Labor Statistics)
  • The Obama administration projected the change in jobs by December 31, 2010 to be 59,000 jobs. To date, Colorado has lost 84,300 jobs. (Source: Ways & Means Republicans)

While the employment trend in Colorado saw a slight upward trend beginning towards the end of the first quarter of 2010, that trend has disappeared, and Colorado is now heading downwards, below even the worst points of the beginning of 2010. (Source: Bureau of Labor Statistics)

Has the Recovery Act done anything for Colorado? No.

Has “Recovery Summer” done anything for Colorado? No.

For a state that gave all of its electoral votes to Obama and is home to the Secretary of the Interior Ken Salazar, one should expect much more than has been seen. The reality in Colorado is stark. Big Government programs have failed the state, and are dragging down the economy.

Read more on Recovery Summer and the Stimulus Effects on States.

*: The number of jobs created/saved conflicts with other government sources on Recovery.gov. This number was pulled from the latest figured offered on Recovery.gov

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