Six Weeks of Extended Benefits Available for Colorado Unemployed
Last week, the Colorado Department of Labor and Employment (CDLE) announced that certain unemployed Colorado workers who have otherwise exhausted their benefits may qualify for six additional weeks of federally funded “Tier IV” benefits. States with an average unemployment rate of 8.5 percent or higher for three consecutive months qualify for additional unemployment compensation funds from the federal government, and Colorado has met this threshold.
Colorado’s unemployment rate stood at a seasonally adjusted 8.8 percent as of last month and remains slightly below the national average of 9.4 percent. The additional weeks are a lifeline for those workers who have otherwise exhausted all unemployment monies to which they may be entitled, and would not find relief under the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 signed by President Obama on December 17 of last year.
CDLE anticipates official confirmation from the U.S. Department of Labor on the funds’ availability within approximately one week. The CDLE offers an overview of federal benefits available to unemployed workers here.