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It’s a staggering – and sobering – statistic. While construction accounts for one fifth of the U.S. work force, the recession has battered the construction industry. The result has been the loss of 990,000 jobs and a climb in unemployment to 18.7 percent for the year ending in April, according to Ken Simonson, chief economist… Continue Reading Region’s construction employment: stayin’ alive

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Think your job is stressful? Try being a financial adviser during the middle of a recession. Or try juggling while pedaling a unicycle – it might be easier. Financial advisers have all the worries about the economy and the stock market that everyone else has – plus, they have to reassure their clients that the… Continue Reading Financial advisers feeling heat from all sides

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(AP) – More than 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy. That assessment came from leading forecasters in a survey by the National Association for Business Economics to be released Wednesday. It is generally in line with the outlook from Federal Reserve Chairman… Continue Reading Economists say recession will end this year

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Colorado Springs could get a summer tourism boost from driving vacationers this year. About 85 percent of tourist travel in the city comes from people within the state – and global outplacement firm Challenger, Gray and Christmas says those markets will fare best during the upcoming tourism season. Destinations that rely heavily on tourists who… Continue Reading Recession could boost Springs’ drive-in tourism

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By Jeff Goldberg Are you buying into what CNN, MSNBC, The New York Times and almost every other media outlet are sending your way? Are you buying into the gloom and doom? Are you seeing the Grim Reaper, with his scythe, walking a step behind you and your career? Or, are you looking for the… Continue Reading Psssst … the recession is over

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Old is Gold

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The United States might be going through one of the deepest recessions since the early 1980s, but some businesses that cater to baby boomers and the generation that preceded them are thriving. Collin Sutz, a hearing instrument specialist at All American Hearing said his company is seeing new clients and staying busy. “You know that… Continue Reading Old is Gold

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Local economic conditions have hit bottom, and economists believe El Paso County has been through the worst of the recession. “The good news is that the economy is not deteriorating further,” said Fred Crowley, senior economist at the College of Business and Administration at the University of Colorado at Colorado Springs and economist for the… Continue Reading Forum report: worst is over for Springs economy

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If you’re struggling through the recession – and who isn’t? – and you’re wondering what type of compensation plan is going to help you keep your top executives and managers motivated and loyal, focus on salaries. According to a worldwide survey conducted by NFI Research, 42 percent of business leaders said they would prefer an… Continue Reading Bonuses really aren’t a great motivator for management

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Campgrounds buck economic trend

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Who cares about a little itty bitty recession? Certainly not Colorado recreational vehicle resort owners, who know a timely opportunity when they see one. Private campground owners are investing in cabins, campsites and upgrades for the upcoming camping season, according to The National Association of RV Parks and Campgrounds. In plain English — business owners… Continue Reading Campgrounds buck economic trend

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WASHINGTON (AP) – For a 10th straight week, the number of people who are continuing to claim jobless benefits increased, fresh evidence that the labor market remains weak despite other hopeful signs that the recession may have bottomed out. New claims for unemployment benefits last week rose to a seasonally adjusted 652,000 from the previous… Continue Reading Jobless claims rise for 10th straight week – recession’s bottom nowhere to be found

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