Tag: Recession
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Denver shoppers wary ahead of holidays, but people may keep spending
The holiday bells are ringing and so are the cash registers — or more like self checkouts nowadays. The run up of holidays beginning from Thanksgiving to Christmas, Hanukkah and New Year’s Day is the biggest shopping season of the year and closely watched by analysts to see how the economy is running. This year,…
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Gov. Jared Polis says Trump’s tariffs policy is disrupting Colorado’s exports, jobs
A report released Thursday by Colorado’s governor said President Donald Trump’s tariffs policy is disrupting the state’s economy and courting a recessionary scenario. State economists have, in fact, been sounding the risk of a scenario for a year — preceding both the White House’s tariffs changes and the congressional budget that Democrats blamed for Colorado’s…
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Colorado’s economy on solid footing going into 2024, economists say
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Confidence in the economy fell heading into 2023 as prices soared and fears of a recession spread. But as the year ended, Colorado business leaders started to feel more optimistic about the economy, according to the Leeds Business Confidence Index from the University of Colorado…
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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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Report: Colorado economy continues to outperform, but headwinds are fierce
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save While Colorado continues to outperform the nation and most states in job recovery and growth, business owners are decidedly glum about the future, a midyear economic report by the University of Colorado Boulder Leeds School of Business released Friday shows. The latest Colorado Business Economic…
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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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Small Business Saturday could make or break local businesses this year
Experts predict that this weekend’s Small Business Saturday will mean more than ever this year, having the potential to make or break Denver’s local businesses. Since the COVID-19 pandemic hit Colorado in March, small businesses have been forced to up public safety expenses while enduring a decrease in business from occupancy limitations and an overall…
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CU Boulder report: State economy recovering from COVID-19 slump
A report by the University of Colorado Boulder released Tuesday found signs that Colorado’s economy is recovering from a significant slump caused by the COVID-19 pandemic. The Quarterly Business and Economic Indicators report said 38,678 new corporations, nonprofits and other entities filed documents to begin operations in the third quarter of this year. That number…