The price of oil dipped below $93 a barrel on Thursday, extending a sharp two-week sell-off, as traders monitored Europe’s debt crisis and its potential impact on global growth. Benchmark oil for June delivery rose 8 cents to $92.89 a barrel in midday trading on the New York Mercantile Exchange. The contract hit [...] [...]
by Monica Mendoza Published: May 17,2012
In some ways, the local economy is showing its strongest performance since bottoming out in February 2009, but there are still concerns about employment and real income, according to the Southern Economic Forum’s quarterly update. The regional manufacturing index is up 43 percent since the recession and consumer confidence is up 19 percent. Economists at [...] [...]
by Amy Gillentine Published: May 16,2012
Tags: Colorado, economy, Grants, local jobs, Pikes Peak Workforce Center
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 [...] [...]
by Associated Press Published: April 10,2012
Tags: economy, employers, job openings, sluggish, wages
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. [...] [...]
by Associated Press Published: April 3,2012
Tags: auto sales, economy, fuel prices, smaller cars, surge
The auto industry looks set to ride the appeal of smaller cars to its best monthly performance in almost four years. General Motors Co. said Tuesday that its U.S. sales rose 12 percent in March on solid demand for cars and small crossovers that achieve 30 miles per gallon or better on the highway. Chrysler [...] [...]
by Amy Gillentine Published: April 2,2012
Tags: Colorado, economy, Mountain States Index, State
The state’s economy continues to improve, according to the latest release from the Mountain States Index. The three states that make up the region – Utah, Colorado and Wyoming, saw their economy grow for the 29th straight month, and at levels higher than the national index, which has grown more slowly, said the report from [...] [...]
by Associated Press Published: March 15,2012
Tags: economy, manufacturing, United States
Manufacturing in the northeastern United States expanded this month at its best pace in nearly a year. The growth confirms other data showing the U.S. economy is strengthening. A Federal Reserve Bank of Philadelphia index of manufacturing conditions rose in March to 12.5, its highest reading since April 2011. A similar survey by the Federal [...] [...]
by Associated Press Published: March 6,2012
Tags: economy, global economic growth, Iran, national, oil
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 [...] [...]
by Associated Press Published: March 1,2012
Tags: economy, Jobs, manufacturing, national
Manufacturing activity grew more slowly in February as U.S. factories received fewer new orders and paid higher prices for raw materials. The Institute for Supply management, a trade group of purchasing managers, said Thursday that its manufacturing index fell last month to 52.4 from 54.1 in January. The reading was the lowest since November. Still, [...] [...]
by Monica Mendoza Published: February 15,2012
Tags: Colorado Springs, economy, home sales, sales tax
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 [...] [...]
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