Colorado’s labor department said it is working to clean up the mess.
Colorado’s employment counts have become so unreliable the U.S. Bureau of Labor Statistics, in an unprecedented move, has stopped issuing reports based on them.
The problems go back to the third quarter of 2023 when the Colorado Department of Labor and Employment rolled out an upgraded unemployment insurance premium filing system. The system promised to offer employers more self-service options and the ability to pay their premiums at the same time they filed their reports, rather than having to do them in separate steps.
Compliance did bounce back in the following quarters, but not to prior levels. In Q2 2024, the reporting rate for establishments was only 80.4%, the second lowest of any state after Michigan. Measured by employees covered, it has since rebounded to 89.7%, the lowest of any state and below the U.S. rate of 96.3%.
“This is the first time in our recent years where we have had an instance like this related to UI modernization and data,” Wise said. Counts of unemployment insurance claims are reliable, the BLS said, but not the data sets that provide “critical inputs” into the Current Employment Statistics, which count nonfarm payroll jobs, and the Local Area Unemployment Statistics, which help measure the unemployment rate.
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