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Employer costs for compensation for workers across the nation varied from a low of $25.88 an hour in the south to $32.85 in the northeast regions, according to the U.S. Bureau of Labor Statistics. Employer costs in the West were $29.90 and in the Midwest were $27.66, according to the statistics. Wages and salaries in… Continue Reading Wages, salaries and benefits equal $29.90 in West

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Oil drops on Saudi supply promise

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The price of oil is falling after Saudi Arabia promised to keep markets well-stocked with petroleum. The world’s biggest oil producer made the announcement Tuesday in reaction to fears that a standoff over Iran’s nuclear program could hurt oil supplies from the Middle East. The Saudis say they’re ready to meet any shortfalls — perceived… Continue Reading Oil drops on Saudi supply promise

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State forecasts $149m in additional revenue

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The state will have about $149 million additional revenue during the next fiscal year than the Office of State Planning and Budget originally forecasted. The overall increase is due, according to a press release from Gov. John Hickenlooper’s office, to continued improvement in the job market and increased business confidence. Sustained production is buildinga foundation… Continue Reading State forecasts $149m in additional revenue

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Oil slides below $105

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Crude oil prices fell below $105 a barrel Tuesday on concerns about global economic growth and the prolonged tensions over Iran’s nuclear program. Benchmark oil for April delivery was down $1.87, or 1.7 percent, to $104.85 a barrel in early afternoon trading on the New York Mercantile Exchange. In London, Brent crude fell $1.49 to… Continue Reading Oil slides below $105

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Construction spending up 17 percent

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Private commercial construction spending was up 17 percent nationally year-over-year in January, according to a report from the Associated General Contractors of America. Construction spending in January totaled $827 billion. While year-over-year construction spending was up across all sectors, spending slipped slightly in most construction categories in January, according to the report. Despite those declines,… Continue Reading Construction spending up 17 percent

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Some Colorado Springs postal employees were left frustrated and with no answers about the future of their jobs when the U.S. Postal Service announced this week that it would shut down the Springs mail processing center at Union and Fountain boulevards. The U.S. Postal Service said, after five months of study, that it would close… Continue Reading Springs postal processing center to close; 250 employees affected

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Baby boomers mean big business for El Paso County

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El Paso County baby boomers could mean big business for those who figure out how to market and create new products and services for the generation with spending power. “There has been abuzz over the last few years about business and boomers,” said Brent Green, CEO of Brent Green & Associates and an expert in… Continue Reading Baby boomers mean big business for El Paso County

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Census figures show Colorado child poverty rising

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The number of Colorado children living in high-poverty areas has risen sharply, surpassing the rate of most other states. The latest Census figures show 92,000 Colorado children live in high-poverty areas, a 360 percent increase over the last decade. It’s the third largest increase in the nation. Colorado Children’s Campaign spokeswoman Chris Watney says the… Continue Reading Census figures show Colorado child poverty rising

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US, Mexico agree to cooperate on energy

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The United States and Mexico agreed Monday to work together when drilling for oil and gas below their maritime border in the Gulf of Mexico. Secretary of State Hillary Rodham Clinton and Mexico’s foreign minister signed the deal at a ceremony in the Mexican resort of Los Cabos as Mexican President Felipe Calderon and U.S.… Continue Reading US, Mexico agree to cooperate on energy

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Local economy strongest in two years

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It’s been a long couple of years since folks in El Paso County have bought houses and new cars. They put it off and saved their money instead. Now, there are signs that people are ready to spend, said Fred Crowley, Southern Colorado Economic Forum senior economist. The El Paso County economy showed its strongest… Continue Reading Local economy strongest in two years

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