Content Tagged As colorado_economy

3 years 1 month ago

Some state post offices to close

DENVER (AP) - The U.S. Postal Service is proposing shutting down 11 post offices in Colorado and nine in Wyoming to help deal with a budget shortfall. The Denver Post reports that western area USPS spokesman Al DeSarro says communities are being notified of the closures following an $8.5...

3 years 3 months ago

Western Slope job outlook poor

GRAND JUNCTION, Colo. (AP) - Despite new job orders in energy and construction, Colorado's Western Slope is coping with near-record jobless rates. Grand Junction's unemployment rate has tripled in the past two years and stands at above 11 percent. Mesa County reports that several hundred people apply for...

3 years 6 months ago

Colorado minimum wage up for 2011

Minimum wage workers in our state are welcoming 2011 with open arms. Minimum wage is up from $7.24 to $7.36 according to the Colorado Department of Labor. That's good for employees but it makes things a little harder for businesses. To compensate, the cost is passed on to consumers....

3 years 8 months ago

Draft plan for colleges calls for more revenue

DENVER (AP) - A planning committee warns that Colorado voters and taxpayers need to come up with more money for higher education or the system is going to collapse. Committee co-chair Jim Lyons says options include raising taxes, providing more state funding, charging higher fees for graduate programs and...

3 years 10 months ago

Colorado: $189 million in new cuts

Gov. Bill Ritter may have to slash another $189 million from Colorado's budget because of a sluggish economic recovery and lower-than-expected revenues. In June, Ritter was forced to cut $60 million from this year's $18.2 billion budget, using money from marijuana registrations, cutting funding for the Department of Corrections...

4 years 4 months ago

Unemployment soars in Southern Colorado

The unemployment rate soared in January in El Paso and Pueblo counties, according to figures released Wednesday by the Colorado Department of Labor. El Paso County has an unemployment rate of 8.9-percent, while Pueblo County's is 9.5-percent. The figures are not seasonally adjusted, so a spike from December...

4 years 4 months ago

Study says renewable energy creating jobs in Colorado

The Senate Local Government and Energy Committee has approved a bill that would require large utility companies to generate nearly one-third of their electricity from renewable energy sources by 2020. An environmental group says Colorado has already created thousands of jobs with legislation requiring renewable energy, and the legislation approved...

4 years 4 months ago

Workers file suit challenging pension legislation

Colorado government workers have filed a class-action lawsuit challenging a bill signed this week that cuts their retirement benefits because of the tough economy. The workers say the legislation Gov. Bill Ritter signed is unconstitutional because it reduces benefits that were promised to them. Attorneys say the lawsuit covers about...

4 years 5 months ago

Sales tax on internet purchases in Colorado

A bill to make Colorado the fourth state to force online retailers like Amazon to charge state sales tax advanced in the legislature Thursday. The Senate Finance Committee backed the proposal--one of 13 tax bills proposed to balance the state budget. Colorado retailers back the bill, saying online retailers...

4 years 6 months ago

Furlough Friday: DMV offices closed

It's another furlough day for thousands of state government employees. The unpaid day off Friday affected about 15,500 employees in Colorado, including all DMV offices. It was one of eight furlough days Gov. Bill Ritter ordered them to take this fiscal year to help save money. There are three more...

4 years 6 months ago

New push for Colorado jobs announced

Colorado Gov. Bill Ritter and state lawmakers announced three new pieces of legislation on Tuesday to help create jobs in Colorado's film, arts and other creative industries. Ritter says a recent economic analysis shows that creative industries support 186,000 jobs in Colorado, making it the fifth-largest employment sector and among...

4 years 7 months ago

Survey suggests rural economy remains weak

For a fourth straight month, signs from a survey of rural bankers that includes Colorado suggest that economic recovery is inching along in 11 Midwest and Plains states. The Rural Mainstreet Index rose to 40.9 in December, from 38.4 in November, 37.5 in October and 36.5 in September. The survey's...

4 years 8 months ago

Slight decline in Colorado October unemployment

Colorado unemployment continues to decline with the latest figures showing the seasonally adjusted rate for October at 6.9 percent. That's a slight decline from September, when the rate was at 7 percent. It was 7.3 percent in August. Colorado's unemployment rate last October was 5.3 percent. The figures released Friday...

4 years 8 months ago

Sun to lay off 128 in Broomfield

Sun Microsystems plans to lay off at least 128 employees in Broomfield as part of its planned global work force reduction of 3,000 jobs. The local layoffs are contained in a notice Sun filed with Colorado's labor department. They're expected to take place in January. The reductions come as Oracle...

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