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Vectra Bank’s Small Business Index for Colorado measured 113.2 for February, up from a revised 112.8 in January. Improving employment data accounted for the slight uptick. Colorado’s unemployment rate – the most heavily weighted component of the index – was estimated at 8.8 percent in the most recent month, unchanged from the prior month. Twelve… Continue Reading Change in employment outlook gives Vectra business index a boost

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As bad as the job market is for unemployed professionals in El Paso County, the situation is even worse for military veterans looking to enter the workforce. El Paso County is home to nearly 80,000 veterans, and last year 15,277 of them, or 19 percent, registered with the Pikes Peak Workforce Center for help finding… Continue Reading Veterans lining up to battle for jobs after military life

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Wisconsin governor warns of layoff notices

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Wisconsin Gov. Scott Walker warned Tuesday that state employees could start receiving layoff notices as early as next week if a bill eliminating most collective bargaining rights isn’t passed soon. Walker said in a statement to The Associated Press that the layoffs wouldn’t take effect immediately. He didn’t say which workers would be targeted but… Continue Reading Wisconsin governor warns of layoff notices

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Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade. A new survey from the National Association for Business Economics finds that economists are more hopeful about overall economic growth, the job market and demand for companies’ products and services by many measures… Continue Reading Poll: Hiring plans top layoffs by most in 12 years

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Obama wants to shed rules that hurt job growth

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Taking another step toward mending his relationship with the business community, President Barack Obama will order a review of federal regulations with an eye toward getting rid of those that stifle job creation and hurt economic growth The president planned to sign an executive order Tuesday telling federal agencies to look for rules that place… Continue Reading Obama wants to shed rules that hurt job growth

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More people applied for unemployment benefits last week after retailers shed temporary holiday employees. The Labor Department said today that the number of people seeking benefits jumped by 35,000 to a seasonally adjusted 445,000 for the week ending Jan. 8. It was the highest level since late October. The increase comes after applications had fallen… Continue Reading Unemployment numbers jump after holiday help laid off

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Gov. John Hickenlooper says he will sign executive orders promoting jobs as one of his first orders of business. In his inaugural address on Tuesday, Hickenlooper said one of the orders will require the state to partner with local communities in creating jobs and designing economic plans for those communities. The second will emphasize global… Continue Reading Hickenlooper inauguration: Jobs a priority

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Job creation and retention efforts in Colorado Springs appear to be off to a strong start in 2011. Last week the Space Foundation announced it will move into a 45,000-square-foot building that will keep the organization in the city for at least another 15 years, and Minn.-based computer storage device manufacturer Xiotech Corp. announced plans… Continue Reading Springs off to strong job creation, retention start in 2011

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Ford plans to hire 7,000 US workers by 2012

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Ford Motor Co. says it will add more than 7,000 workers in the U.S. over the next two years as it begins producing several new vehicles. The company plans to hire 4,000 manufacturing workers this year. Almost half those workers will be at the Louisville Assembly Plant in Kentucky that will make the new Ford… Continue Reading Ford plans to hire 7,000 US workers by 2012

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A steady decline in layoffs is giving the vast majority of adults who have jobs the confidence to spend more freely and help energize the economy. They no longer worry so much about losing their jobs. Their renewed confidence has boosted retail sales – just what’s needed to spark what economists call a “virtuous cycle”:… Continue Reading Less worried about layoffs, jobholders spend more

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