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Housing construction is up, consumer confidence is up and more than 21,000 new cars are expected to be sold in the county by year’s end. These are the biggest changes in this latest quarter in El Paso County from one year ago and mark some of the county’s strongest performance since bottoming out in February… Continue Reading El Paso County housing, auto sales and confidence up, UCCS report says

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Travel industry leading in job growth

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The travel industry is cruising into economic recovery, creating jobs 16 percent faster than other sectors, the U.S. Travel Association reports. The Bureau of Labor Statistics October report shows unemployment at 7.9 percent and that the economy added 171,000 jobs last month. Of those jobs added, 6,000 were travel jobs. David Huether, senior vice president… Continue Reading Travel industry leading in job growth

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As far as post recession recoveries go, the country is right on track. Never mind the screaming headlines that predict the end of the world, said Jim Paulsen, Wells Capital Management chief investment strategist. “I just think there are high odds that (the world) won’t end,” he said. Paulsen, who has been named a top… Continue Reading Economy tracking toward recovery; local outlook not as rosy

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Weekend no longer means break from work

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Just because its Saturday, doesn’t mean workers are taking a break. According to a Right Management survey, more than one-third of workers get regular weekend emails from their boss that they have to respond to, and another one-third occasionally get those kinds of emails. “The convenience of workplace technology is matched by its pervasiveness and,… Continue Reading Weekend no longer means break from work

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Mac McClung was working Tuesday in his Woodland Park shop, Bad Rock Automotive, when a mini flash mob surrounded him and began taking pictures. The group, from Pikes Peak Area Rotary Clubs, surprised him with a check for $2,000. It was a collective business hug and the group gave out two that day and has… Continue Reading Rotary Club members surprise small businesses with $2,000 checks

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Construction and energy in Colorado helped push up the overall business conditions for the Mountain States region for the 34th straight month. The overall index, or Business Conditions Index, which ranges between 0 and 100, advanced to a healthy 59 from 56.1 in July, according to the August Mountain States economic report released today. An… Continue Reading Construction in Colorado helping business conditions, but jobs still lag

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Dollar rises on better U.S. economic growth

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Better-than-expected economic growth and strong home sales in the U.S. are pushing the dollar higher against most major currencies. The Commerce Department said that the economy grew at a 1.7 percent annual rate in the April-June quarter. That’s better than its initial estimate of 1.5 percent. Separately, the National Association of Realtors said that its… Continue Reading Dollar rises on better U.S. economic growth

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The price of oil is rising after U.S. crude inventories shrank more than expected for a fourth consecutive week.   Benchmark oil rose 31 cents to $97.15 per barrel Wednesday in New York. Brent crude fell 5 cents to $114.59 per barrel in London.   The government says crude inventories totaled 360.7 million barrels last… Continue Reading Oil prices rise on hefty decline in US stockpiles

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Springs unemployment rate unchanged in July

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Colorado Springs unemployment figures remained unchanged in July, according to preliminary data from the Colorado Department of Labor and Employment. The area’s unemployment rate is 9.8 percent, higher than the state’s average of 8.3 percent. Colorado’s unemployment rate went up .1 percent in July from  the previous month. The state’s labor department said the increase… Continue Reading Springs unemployment rate unchanged in July

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Bach sets goal of 6,000 new jobs next year

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In an State of the City address that was part pep rally and part campaign speech, Mayor Steve Bach set one concrete goal for his administration: to create 6,000 new civilian jobs next year. “That’s how many we need to achieve full employment,” he said. “We’ve created 627 in 2012, so we have set a… Continue Reading Bach sets goal of 6,000 new jobs next year

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