Tag: Economy
-
Colorado unemployment level drops slightly on strength of education and healthcare jobs growth
Colorado’s unemployment level dropped slightly in November to 3.5%, which caps a year of mostly steady decline from the 4.4% level a year ago, according to the Colorado Department of Labor and Employment Friday. That’s still below the national unemployment rate average of 3.7% last month. A state economist pointed to the strong job growth…
-
FAMLI state-provided leave program portal opens for Colorado businesses
Colorado’s Family and Medical Leave Insurance (FAMLI) program portal is now open for businesses. The program is a requirement for all Colorado employers to contribute to beginning Jan. 1. Voters approved Proposition 18 in 2020, which created the new paid family and medical leave insurance program for Colorado. It’s administered by the Colorado Department of…
-
Aurora mortgage broker lays off over half its employees on short notice
American Financing Company, a mortgage loan broker with an office in Aurora, announced it plans to lay off almost 200 Denver-area employees by Dec. 23, according to the Colorado Secretary of State’s website. The Nov. 16 announcement came via a Worker Adjustment and Retraining Notification Act (WARN) notice where the company reported it would lay…
-
Growing job force, less savings for Coloradans in third quarter: Report
Colorado continued to see a growing job force in the third quarter, according to a report released Tuesday by the Leeds Business Research Division at the University of Colorado Boulder and Colorado Secretary of State Jena Griswold. Colorado’s employment in September increased by 4.1% year over year, the 16th best percentage increase in the nation.…
-
Metro Moves: Society of Industrial and Office Realtors taps Todd Witty as Colorado chapter president
Welcome to the Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to [email protected]. INDUSTRIAL The Colorado Chapter President of the Society of Industrial and Office Realtors elected Todd Witty, a senior vice president at CBRE, a commercial real…
-
Interest rates, inflation trend during slow season in October Housing Report
Interest rates increasing alongside inflation are emphasizing the already slow fall season in home sales, according to the October 2022 Market Trends Housing Report from the Colorado Association of Realtors. In one month, new listings of single-family homes for the metro-Denver area decreased more than 25% and lowered 20% statewide. The market maintained a healthy…
-
Stock market falls slightly after elections
The stock market dipped Wednesday after Republican victories failed to meet expectations in the mid-term elections. Wayne Winegarden, senior fellow in business and economics at the Pacific Research Institute, looks at the market response from a macroeconomics angle. The Federal Reserve had interest rates “so low for so long” that it created bubbles in the…
-
Denver voters let landlords off the hook as early results show Ordinance 305 failing | ELECTION NIGHT 2022
Election night results show Denver voters soundly rejecting a proposal requiring landlords to pay a $75 per year per property to fund legal representation for renters facing eviction. The city has counted 128,937 votes, with just under 60% of voters rejecting the ordinance as of 2:00 p.m. Wednesday. The ordinance was expected to raise just under $12…
-
Northglenn businesses honored by economic development department
For 2nd Time Sports, it has not been an easy path to success as a mom-and-pop business. Husband-and-wife duo Anita and Chuck Adam manage their business together, which they started about 10 years ago in December 2012. It’s a sports store that sells lightly used and second-hand sports equipment, something they found a need for…