TheDenverChannel.com










Money
Related To Story

Colorado Fails To Qualify For Extended Unemployment Benefits

State Misses Mark By A Tenth Of Point

POSTED: 5:24 pm MDT March 17, 2009
UPDATED: 11:04 pm MDT March 17, 2009

The state's unemployed received disappointing news this month. Colorado did not qualify for 13 weeks of extended unemployment insurance benefits (EUI) from the federal government.

Under the nation's recently passed stimulus bill, states that averaged a 6 percent unemployment rate over three months qualified for the EUI. Colorado's came in at 5.9 percent -- a tenth of a point short, despite a November unemployment rate of 5.8 percent, a December rate of 5.8 percent and January rate of 6.6 percent.

The director of Colorado's Department of Labor and Employment, Mike Cullen, said that's because Washington uses a different mathematical formula when averaging the months together.

"They are taking it beyond a tenth of a point. They are taking it possibly four or five decimal points out and they are also using raw data from those months," said Cullen. "You're right, though. If you take those three numbers and add them together and divide them by three it looks like we're at 6 percent but if it gets into the 'rounding,' it really falls shy of the 6 percent," said Cullen.

Angelo Eaton said he was frustrated. Eaton said he has been on unemployment for months and he has exhausted his benefits. He said he can't find work as a cook and is worried he won't be able to pay the bills.

"I don't want to beg for money but I may have to beg," said Eaton.

Cullen said he was confident the state's February unemployment numbers will trigger Tier II status, or 6 percent. The numbers will be released March 27 and, if Colorado qualifies, the state said it will contact those who are eligible.

People like Eaton will be able to refile a claim and receive the 13 additional weeks if the status is approved by Washington, D.C.
The following are comments from our users. Opinions expressed are neither created nor endorsed by TheDenverChannel.com. By posting your comments you agree to accept our Terms of Use. To report an offensive or otherwise inappropriate comment, click the "Flag" link that appears beneath that comment. Flagging a comment will send it to our editorial staff for review.

Links We Like

Sponsored Content
If you have aspirations of becoming a millionaire, check out these five habits that may be worth emulating. More

To get the most out of your remodel, check out these 10 home updates that have the biggest payoffs when it comes time to sell your home. More

Do you have concerns about the recommended vaccines for your child? Get the facts to clear up any confusion about vaccinations. More

If you're looking to save on your next new vehicle, a low sticker price is just one aspect. Consider all the costs and make the right decision. More

Credit Report

560? 675? 720? The average US Credit Score is 692. What is your score? See it online for FREE! More

Best Local Rates On...



LocalNational

30 Yr Fixed Mortgage4.90%5.03%

48 Mo New Car Loan6.95%6.77%

$30k Home Eq Loan7.90%8.33%

6 Month CD1.02%1.13%
Help! I don't understand!
More Rates


Sponsored Links

Stock Quotes

Get a Quote
Enter Symbol

Real Estate Information

Smart Savings

Do you catch yourself counting every penny these days? Find money-saving ideas big and small in our Smart Savings guide. More


E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters