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Colorado’s unemployment rate soared to 11.3% in April and employers shed more than 320,000 payroll jobs as the coronavirus pandemic hit the state’s economy, erasing years of job growth in a single month. Employment fell in nearly every business sector and across all major metro areas, with particular pain felt by restaurants and hotels shuttered by the state’s stay-at-home policy. Workers in lower-wage jobs experienced the brunt of the layoffs.
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Colorado Unemployment Jumps To 11.3% As Pandemic Erases Jobs