Tag: Economy
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Colorado’s economy continues to outshine nation’s — but worries persist
While Colorado’s economy continues to outshine many other states, and the national economy itself, business leaders’ confidence continues its decline “sharply into bear territory,” according to the Quarterly Business and Economic Indicators report for the second quarter. The report is prepared by the University of Colorado Boulder’s Leeds Business Research Division with the Colorado Secretary…
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Colorado’s unemployment drops again, recovers all pandemic job losses
Colorado’s unemployment rate continues its slow but steady decline. June’s household survey found that the state’s unemployment level edged down a tenth of a percentage point to 3.4%, the Colorado Department of Labor and Employment reported Friday. It has been 12 consecutive months of flat or dropping unemployment levels, according to the department. Colorado’s unemployment…
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Survey: More than half of Americans cutting expenses
More than half of Americans, 52%, have cut back on daily expenses and 44% are delaying large purchases because of inflation, according to a survey released by Greenwood Village-based Empower, formerly Empower Retirement. With inflation hitting a new high Wednesday, 9.1%, the July Empower survey shows how spending and savings habits have changed — sometimes…
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Colorado business leaders believe recession is here, or looming: Survey says
About 80% of Colorado business leaders believe the U.S. economy has either already entered a recession or will do so by 2023, according to the Leeds Business Confidence Index survey released Wednesday by the University of Colorado Boulder’s Leeds School of Business. Pessimism oozed out of the report, which covers most of the second quarter…
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PUC allows Xcel to recover $500 million from customers for Winter Storm Uri fuel costs
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado’s energy regulators approved Xcel Energy’s request to recover $500 million from its customers for the company’s extraordinary fuel costs during a four-day winter freeze in 2021, even as they expressed misgivings at how Colorado’s biggest utility company handled the cold snap. In granting Xcel’s…
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Q&A with Heidi Ganahl | Colorado’s energy transition is ‘too far, too fast’
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Denver Gazette invited gubernatorial candidates to talk about energy and transportation. Republican candidate Greg Lopez declined the Q&A. In this interview, Republican candidate Heidi Ganahl argues that Colorado’s transition to renewable energy sources is going “too far, too fast,” hammering the poorest Coloradans. The…
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Report: Denver lodging bounces back, but lags behind national recovery
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Metro Denver’s hotels saw a strong first quarter, marching – slowly but surely – to pre-pandemic occupancy levels, according to an industry report from real estate giant CBRE. But the recovery remains behind the national average – largely because of the influx of all the newly-constructed, higher-priced…
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Colorado unemployment rate drops again in May
Colorado’s unemployment rate fell to 3.5% in May, its lowest level since the pandemic began. And the state’s economy has recovered more than twice as quickly as it did during the Great Recession, the Colorado Department of Labor and Employment announced Friday. May was the 11th month in a row in which Colorado’s unemployment rate either…
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Second chance for a Colorado veteran thanks to breakthrough IT training program
Quasey Vinson gave his kindergartner a taste of a faraway place. “Could you possibly mix pineapple juice with apple juice?” he asked the waitress. “And a mahi-mahi taco?” asked Tyrese, who is missing his two front teeth. Vinson ducked his head at the extra expense. “One mahi-mahi please and the rest chicken.” The request was…
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Denver business leaders applaud unemployment insurance relief
More than 900 business leaders and government officials applauded loudly Thursday when Gov. Jared Polis said the legislature had provided $600 million to offset unemployment insurance loans the state had to take to cover the massive spike in jobless numbers during the pandemic. It was likely a grateful acknowledgement the money wouldn’t have to come…