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News split on economy and consumers’ views

News split on economy and consumers’ views

Economic news released last week showed divergent signs about the national economy. On one hand, consumer confidence was increasing, but on the other hand, consumer spending was decreasing.  “I looked at that and scratched my head,” said economist Tucker Hart Adams of Summit Economics.  Consumer spending fell in July for the first time in six… Continue Reading News split on economy and consumers’ views

Employment data aren’t quite as opaque as the unemployment rate that we discussed last week, but there is still room for lots of confusion. Take the December data that were released for Colorado Springs a couple of weeks ago. We learned: Employment, at 275,400 jobs, was unchanged from November, but 4,500 jobs lower than December… Continue Reading Why the local jobs picture is so hard to figure out

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The unemployment rate is one of the most closely watched, yet least understood pieces of economic data. On the surface it appears simple: in December the Colorado Springs unemployment rate was 9.4 percent, while Pueblo’s was an even higher 10.3 percent. Doesn’t that mean that around 10 percent of adults in southern Colorado who wanted… Continue Reading The real jobs numbers aren’t where you think they are

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A major contributor to the Great Recession of 2008-2009 was the decline in home prices. For the average household, the equity in their home is their largest asset, comprising a significant portion of their wealth. Wealth dropped an unprecedented $17.5 trillion over the seven quarters between mid-2007 and early 2009. We are beginning to see… Continue Reading Housing market shows consumers are ready to spend

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One of Colorado’s most distinguished economists, Tucker Hart Adams, has merged her company, The Adams Group, with Summit Economics. Adams founded Adams Group, a regional economic consulting firm, in 1989. She has been in semi-retirement for the past two years. After retiring in 2008 as regional economist for U.S. Bank, she stopped making economic forecasts,… Continue Reading Adams exits retirement to merge with Summit Economics

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