Professional symphony orchestras across the country were hit hard by the recession, suffering steep declines in ticket sales and contributions. Many have trimmed programs, cut staff and musician pay.
The Colorado Springs Philharmonic, however, seems to be bucking national trends.
Since Executive Director Nathan Newbrough took the reins two years ago, the Philharmonic has more than doubled [...] [...]
Are banks hoarding cash and refusing to make loans? A lot of business owners think so.
So does the Obama administration, which claims banks are slowing the economic recovery by not lending as much as they could.
Talk to the bankers themselves, however, and they’ll say the borrowers they’re seeing don’t qualify, that loan demand is down [...] [...]
New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are cutting jobs again as the recovery slows.
The Labor Department says initial claims for jobless benefits rose by 12,000 last week to 500,000, the fourth increase in the past five weeks. Wall Street economists [...] [...]
A Gallup poll says that 18.4 percent of U.S. workers say they are either unemployed or underemployed.
The survey of 81.6 percent have jobs, but the unemployed/underemployed number has been between the high-teens and 20 percent throughout the year. Gallup surveys 19,800 American workers each month.
“Underemployed” is defined as working part-time while wanting to work full-time.
The [...] [...]
The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation’s toughest job markets.
The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those [...] [...]
A decline in exports and a sharp rise in imports pushed the U.S. trade deficit in June to its widest point since October 2008, raising new concerns about the weakening economic recovery.
The $49.9 billion gap is worrying economists, who fear it means the U.S. economy grew at half the rate in the April-to-June quarter than [...] [...]
Colorado housing officials say the number of new foreclosure filings in the state has reached its lowest point in five quarters.
The Colorado Department of Local Affairs’ Division of Housing said Thursday that there were 10,233 new filings in the second quarter. That’s down nearly 16 percent from the second quarter last year. It’s also down [...] [...]
Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly the rest of the year. The unemployment rate was unchanged at 9.5 percent.
Private employers added a net total of only 71,000 jobs in July, far below the 200,000 or more jobs [...] [...]
The number of new foreclosure filings in Colorado has reached its lowest point in more than a year, state housing officials said today.
There were 10,233 new filings in the second quarter, the Colorado Department of Local Affairs’ Division of Housing said. That’s down nearly 15.7 percent from April-June 2009. It’s also down about 8 percent [...] [...]
The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economic recovery slowed in the spring.
Personal spending was unchanged in June, the Commerce Department reported Tuesday. It was the third straight month of lackluster consumer demand. Incomes were also flat, the weakest showing in nine months.
The lack [...] [...]
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