by Associated Press Published: January 25,2010
Regulatory certainty and “a welcoming social and economic environment” will be crucial as Colorado’s oil and gas industry emerges from the recession and faces competition from big gas fields back East, said the new president of a state trade group. Tisha Conoly Schuller, named president of the Colorado Oil and Gas Association in December, is taking [...] [...]
by Staff Writer Published: January 11,2010
Tags: recession, unemployment
Colorado is likely to join 25 other states in borrowing from the federal government to continue paying unemployment benefits. Department of Labor and Employment Executive Director Donald J. Mares made the announcement to the state’s Joint Budget Committee last week. He said quick action is needed to address the projected shortfall in the state’s unemployment trust fund. “Like [...] [...]
by Associated Press Published: January 4,2010
Tags: recession, Sen. Michael Bennett
DURANGO, Colo. (AP) - America has forgotten the lessons of the Great Depression and isn’t on track to fix the economy, Sen. Michael Bennet warned Sunday. In a discussion with about 30 people from southwest Colorado, Bennet said the American economy is still to reliant on consumption. He said the recovery is in a sense a [...] [...]
All signs suggest the economic recovery will end the year on firmer footing despite a report released today that the U.S. economy grew at a 2.2 percent pace in the third quarter, less than previously thought. [...]
by Contributing Writer Published: December 18,2009
Tags: competition, layoffs, recession
The state of the economy has forced many companies to reduce costs to stay competitive. Labor costs are typically a prime focus during tough economic times. Efforts to reduce labor costs should be carefully considered, however, to avoid unintended and greater liabilities than the cost savings to be realized from the change. In making decisions intended to [...] [...]
WASHINGTON (A.P.) - The economic recovery is likely to draw strength from exports such as farm products, autos, aircraft and industrial machinery - all of which helped lower the nation’s trade deficit in October. Exports of U.S. goods rose for a sixth straight month. Further gains in exports should bolster manufacturers, who struggled during the recession. [...] [...]
by Associated Press Published: December 8,2009
Tags: CEOs, recession, unemployment
WASHINGTON - The CEOs of America’s largest companies do not expect employment to significantly improve in the next six months. A quarterly survey from the Business Roundtable found that 19 percent of companies expect to grow their work forces, while 31 percent predict a decrease in the next six months. That’s slightly better than the 13 [...] [...]
by Associated Press Published: November 10,2009
Tags: recession, unemployment
WASHINGTON (AP) — Unemployment likely will remain high for the next several years because the economic recovery won’t be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday. The cautionary note struck by the presidents of regional Fed banks in San Francisco and Atlanta were the first public remarks of Fed officials since the [...] [...]
WASHINGTON (AP) - The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. It’s the strongest signal yet that the economy has entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has [...] [...]
by Associated Press Published: October 12,2009
Tags: recession
NEW YORK (AP) - More than 80 percent of economists believe the recession is over and an expansion has begun, but they expect the recovery will be slow as worries over unemployment and high federal debt persist. That consensus comes from leading forecasters in a survey by the National Association for Business Economics released Monday. “The [...] [...]
