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Thanks to a state effort, the Pikes Peak Workforce Center added more than $2 million to the local economy and helped 837 people find job training. The Colorado Enhanced Approved Training Program allows people in the state who are receing unemployment benefits to receive 50 percent more a week if they are attending a traning… Continue Reading Workforce program adds $2 million to local economy

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Pikes Peak Community College packs a $323 million economic punch to El Paso County, and that’s just a portion of the $3 billion annual economic impact that community colleges bring to Colorado. Continue Reading Community colleges pack $3 billion economic punch

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Wells Fargo: Economy mending, but slowly

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The economy – both nationally and locally – is on a slow mend, but no economist in the world is ready to proclaim “mission accomplished,” said a senior economist for Wells Fargo. Continue Reading Wells Fargo: Economy mending, but slowly

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Employers posted slightly more job openings in February, suggesting that modest hiring gains will continue in coming months. The Labor Department said Tuesday that employers advertised 3.5 million job openings in February. That was a slight increase from a revised 3.48 million in January but still below the three-year high of 3.54 million in December.… Continue Reading Employers posted more job openings in February

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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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