The unemployment rate is one of the most closely watched, yet least understood pieces of economic data. On the surface it appears simple: in December the Colorado Springs unemployment rate was 9.4 percent, while Pueblo’s was an even higher 10.3 percent. Doesn’t that mean that around 10 percent of adults in southern Colorado who wanted [...]
Continue reading …Addressing a demand for economic answers, President Barack Obama will try to convince the American people and a divided Congress that he has a vision for speeding up job creation, promoting spending on the core of his agenda but promising to rein in a growing, staggering debt. His State of the Union address will reflect [...]
Continue reading …President Barack Obama said Friday that “putting the economy into overdrive” is a top priority, even as a new poll showed the public giving his economic policies poor marks so far. The Associated Press-GfK poll underscored the selling job that confronts the president as he prepares to seek a second term: People like Obama personally, [...]
Continue reading …The dollar turned higher Thursday after reports on U.S. jobs and home sales indicated that the economy improved at the end of 2010. The government’s weekly jobless claims data showed fewer people filing for unemployment benefits, suggesting that hiring will pick up this year. The National Association of Realtors said sales of previously owned homes [...]
Continue reading …The regional economy will continue to grow at a healthy pace in the first half of the new year, according to a survey of supply managers in nine Midwest and Plains states that was released Monday. The Business Conditions Index for the Mid-America region rose to 57.5 in December from 55.9 in November and 52.3 [...]
Continue reading …A strong start to the holiday season is raising confidence that the consumer is back and that 2011 could be a better year for the economy than expected. Retail sales are rising, boosted by the best month for department stores in two years. Inflation remains tame. Businesses are restocking their shelves in anticipation of more [...]
Continue reading …Colorado should add about 10,100 jobs next year after losing more than 140,000 jobs the past two years, according to a forecast released Monday by University of Colorado economists. Nevertheless, that won’t be enough to lower the unemployment rate, Richard Wobbekind of CU’s Leeds School of Business said. He expected slow, steady growth in both [...]
Continue reading …It seems Washington is all ears these days. President Barack Obama says he’ll take a great idea to fix the economy anywhere he hears it. The Republican leaders in Congress can’t say enough how determined they are to “listen to the American people.” OK. Here goes. We want less debt, lower taxes, more trade, less [...]
Continue reading …The economy is showing new life in the final months of the year. Factories are busier, construction spending is up, and auto sales are rising. And on Wednesday the stock market had one of its best days of 2010 after a report that the private sector hired the most workers in three years. “The economy [...]
Continue reading …The economy grew slightly faster last summer than first thought, benefiting from stronger spending by U.S. shoppers and improved overseas sales of U.S. goods. The Commerce Department reported Tuesday that the economy expanded at a 2.5 percent annual rate in the July-September quarter. That was better than the 2 percent pace initially estimated last month. [...]
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