August 3, 2009

Jobs? Not so much stimulus

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Jobs in Colorado, not a pretty picture. Five months into the federal stimulus program jobs program, the state can link fewer than 1,000 new full-time positions to stimulus money. That’s out of the 59,000 jobs the program is supposed to create or save in Colorado by the end of 2010, writes Greg Griffin in the Denver Post. So far, the biggest source of employment is a summer jobs program that has placed 2,946 kids, but because the jobs are temporary, they add up to fewer than 500 full-time-equivalent positions. Meanwhile,  the Post’s Colorado Economy blog notes that Latino workers have a higher unemployment rate in Colorado and several other western states, and cites state labor experts pointing to large job losses in manufacturing and construction as the reason why.

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