Colorado Springs had an unemployment rate of 9 percent in December, according to the latest figures from the Division of Labor and Employment. The number is up from 8.7 percent in November, but is lower than the 9.4 percent unemployment rate in December 2010. Statewide, unemployment decreased one-tenth of a percent to 7.9 percent. The [...]
Continue reading …Colorado Springs economy is expected to remain flat in 2012, while the U.S. economy could face four to 10 years of economic uncertainty. Economic growth in 2012 in Colorado Springs will remain stagnant, said Tom Zwirlein, a professor of economics at the University of Colorado at Colorado Springs and one of the directors of the [...]
Continue reading …Hang onto your wallets, Colorado. The Legislature is back in session. It’s an old joke, but it holds special significance for the 2012 session. This year, it’s all about helping voters’ pocketbooks. Expect long arguments over the next five months about how to strengthen the economy, chip away at Colorado’s 8 percent unemployment rate, and [...]
Continue reading …Economic growth in the Mountain States region has exceeded that of the national economy yet again. For the past two years, economic indicators have been higher than the national average, according to the Goss Institute for Economic Research. And in Colorado, the state’s economic indicators also advanced thanks to new orders, delivery lead time and [...]
Continue reading …Stocks are slipping Friday on the final trading day of the year. The Dow Jones industrial average fell 23 points, or 0.2 percent, at 12,264 in the first hour of trading. The S&P 500 fell 1 point at 1,262. It’s up just 0.3 percent for 2011. The Nasdaq fell 1 point to 2,612. McDonald’s Corp. [...]
Continue reading …Personal income levels in the third quarter of this year rose above their 2008 peak for the first time since the recession began, according to a report from the Bureau of Labor Statistics. Personal income in Colorado hit a peak of $225 billion in the third quarter, up 3.28 percent over the previous $218.1 billion [...]
Continue reading …The unemployment rate in Colorado dropped to 8 percent from October to November, according to the Department of Labor and Employment. The number of people actively participating in the labor force increased 17,600 to 2.7 million and total employment increased 21,100 to 2.4 million. The national unemployment rate dropped to 8.6 percent for the same [...]
Continue reading …Prices in the western region of the United States dropped slightly in November, according to the U.S. Bureau of Labor Statistics. The consumer price index dropped .2 percent last month, influenced by lower prices for electricity and gasoline. During the last 12 months, the consumer price index rose 3.2 percent. Energy prices jumped 13.4 percent, [...]
Continue reading …House Republicans will stick to their insistence that a bill extending a payroll tax cut and jobless benefits include language speeding work on a Canada-to-Texas oil pipeline, Speaker John Boehner said Friday. Boehner’s remarks added a contentious backdrop to negotiations over the payroll tax cut measure. President Barack Obama and many congressional Democrats are opposed [...]
Continue reading …The city’s two main business groups have formalized their plans to unify and named its board members. The Greater Colorado Springs Chamber of Commerce and the Colorado Springs Economic Development Corp. will become the Greater Colorado Springs Chamber and EDC, as of Feb. 1. The new board will include: Chris Blees of Biggs Kofford; Frank [...]
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