Posts Tagged ‘recession’

Colorado oil, gas industry shows signs of rebound

by Associated Press Published: January 25,2010

Tags: Colorado Oil and Gas Association, drilling, recession

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 [...] [...]

Colorado to borrow money to pay unemployment

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 [...] [...]

Bennet calls economic recovery false

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 [...] [...]

Economic recovery gaining strength, despite 3Q reports

by Associated Press Published: December 22,2009

Tags: economy, recession

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. [...]

A bit of planning can help reduce the risk of cutting labor costs

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 [...] [...]

U.S. exports surge for sixth straight month

by Associated Press Published: December 10,2009

Tags: economy, Exporting, recession

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. [...] [...]

CEOs don’t plan to hire for six months

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 [...] [...]

Fed officials warn weak recovery won’t spur jobs

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 [...] [...]

Economy grows in 3Q, signals end of recession

by Associated Press Published: October 29,2009

Tags: economy, recession

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 [...] [...]

80 percent of economists say recovery to be slow

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 [...] [...]

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