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• Stocks slide as Europe slashes its growth forecast

  November 7, 2012 10:06 AM

  Stocks are opening sharply lower on Wall Street following the presidential election and dire warnings from Europe that a broad recession there is now all but certain. Index futures had been higher early Wednesday but reversed course after the European Union slashed its growth forecast for next year, sending European... more »

• US jobs gap between young and old is widest ever

  February 9, 2012 4:28 AM

  WASHINGTON (AP) - A new survey of attitudes finds a significant number of Americans believe that younger adults have been hit harder than any other group by the tight job market. The Pew survey finds that 41 percent of Americans believe young adults have taken the biggest recession hit,... more »

• World Bank expects slow US growth but no recession

  September 6, 2011 4:58 AM

  SINGAPORE (AP) - World Bank President Robert Zoellick says the U.S. economy will likely limp along with slow growth and high unemployment but avoid a recession. Zoellick told reporters Tuesday in Singapore that Europe's debt crisis threatens to undermine the confidence of consumers and investors. Zoellick says the... more »

• Asian stocks tumble after Wall Street slide

  August 5, 2011 5:17 AM

  ANGKOK (AP) - Asian stock markets are tumbling amid fears the U.S. may be heading back into recession and Europe's debt crisis is worsening. The sell-off in Asia on Friday follows the biggest one-day decline on Wall Street since the 2008 financial crisis. Japan's Nikkei 225 stock average slid... more »

• July jobs data could heighten Wall Street jitters

  August 5, 2011 12:56 AM

  WASHINGTON (AP) - Investors seeking reason for optimism after the worst stock-market sell-off since the 2008 financial crisis probably won't find it in Friday's July jobs report. Economists forecast that employers added only 90,000 jobs last month and that the unemployment rate was unchanged at 9.2 percent, according to... more »

• Church yard sale aims to feed a community

  July 16, 2011 4:13 PM

  Members of a Colorado Springs church are doing some late spring cleaning to help feed families in our community. The congregation at Church For All Nations on the northeast side is hosting a large scale community yard sale with proceeds benefiting the Angel Food organization. Pastor Mark Cowart... more »

• Couponing making a comeback

  July 7, 2011 8:20 AM

  The women sat in eager silence as Monica Knight told them groceries used to cost her $600 a month and now she spends only $100 to $150 a month. Then, she shared her secret: Extreme couponing. The women oohed and awed as Knight, a mother of two, pulled... more »

• Unemployed find old jobs now require more skills

  October 11, 2010 8:17 AM

  The jobs crisis has brought an unwelcome discovery for many unemployed Americans: Job openings in their old fields exist. Yet they no longer qualify for them. During the recession, companies became more productive by doing more with fewer workers. Some asked staffers to take on a broader array of... more »

• Consumers cut credit card borrowing for 24th month

  October 7, 2010 3:15 PM

  Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month. The Federal Reserve says that borrowing by consumers declined by $3.3 billion in August. That marked the 18th drop in the past 19 months. Borrowing increased modestly for one-time... more »

• Poll shows racial divide in election

  October 6, 2010 8:15 AM

  An Associated Press-GfK poll suggests working-class whites are flocking to Republican candidates in this fall's elections. Whites without four-year college degrees prefer GOP candidates by twice the margin of the last two elections, when Democrats made significant gains in the House and Senate. The poll, conducted last month, found... more »

• Low paying industries add jobs in Colorado

  September 27, 2010 8:27 AM

  The Denver Post reports that some Colorado industries hired workers in 2008 and 2009, when the state lost more than 105,000 jobs overall, but many of those new positions paid below-average wages. The newspaper examined unemployment insurance reports filed by employers and found that of the 12 industries that... more »

• Economic panel says recession ended in June 2009

  September 20, 2010 12:22 PM

  It's official: The longest recession the country has endured since World War II ended in June 2009, according to a group that dates the beginning and end of recessions. The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., says the recession lasted 18... more »

• Economy: Job openings rise for first time since April

  September 8, 2010 12:15 PM

  Job openings rose in July after two months of declines, a positive sign that companies could step up hiring in the coming months. The Labor Department says the number of jobs advertised rose by 6.2 percent to 3.04 million. That's the highest total since April, when temporary census hiring... more »

• Recession blamed for decline in US births

  August 27, 2010 12:29 PM

  The U.S. birth rate has dropped for the second year in a row, and experts think the wrenching recession led many people to put off having children. The 2009 birth rate also set a record: lowest in a century. Births fell 2.7 percent last year even as the population... more »

• Economy: Oil cleanup both bonanza and bust

  August 27, 2010 8:19 AM

  An Associated Press analysis finds some places have done pretty well since the Gulf oil spill while others have been hit by a double-whammy. The worst offshore oil spill in U.S. history has spurred something of an economic boom in some communities where cleanup operations are based. But other... more »

• Colorado's stimulus spending under microscope

  August 27, 2010 8:15 AM

  Auditors from western states have met in Colorado to discuss the challenges of keeping track of billions of dollars worth of federal stimulus money. Bozeman, Montana, audit technician Nathaniel Pehl says because election year politics have created a partisan split over whether the $862 billion program is working, "Transparency... more »

• Snapshot of economy about to get a lot bleaker

  August 27, 2010 8:12 AM

  A revision of U.S. economic growth is due Friday and it's expected to show a serious stumble. The Commerce Department will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate... more »

• New unemployment claims on the rise

  August 5, 2010 8:27 AM

  Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers. The Labor Department says new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had expected a small... more »

• Foreclosures on record-setting pace

  July 15, 2010 8:19 AM

  The number of foreclosures this year is on track to top one million. The head of a firm that follows foreclosures says that would be unprecedented -- breaking last year's level of more than 900,000. RealtyTrac Inc. says almost 528,000 homes were taken over by lenders during the first... more »

• Federal deficit tops $1 trillion through June

  July 13, 2010 2:10 PM

  The federal deficit has topped $1 trillion with three months still to go in the current budget year, showing the continued impact of a deep recession on the government's finances. The Treasury Department says that through the first nine months of this budget year, the deficit totals $1 trillion,... more »

• Obama nominates Jacob Lew as budget director

  July 13, 2010 1:41 PM

  President Barack Obama has nominated Deputy Secretary of State Jacob Lew to serve as his budget director, putting him in charge of a $1 trillion-plus deficit that's a burden for the economy. Appearing at the White House, Obama saluted Lew as "somebody who has proven himself already equal to... more »

• Americans' credit scores sink to new lows

  July 12, 2010 9:23 AM

  New figures show millions more Americans have credit scores that could prevent them from getting credit cards, auto loans or mortgages under the tighter lending standards banks now use. Figures provided by FICO Inc. show that 25.5 percent of consumers - nearly 43.4 million people - now have a... more »

• Base Village at Snowmass put into receivership

  July 12, 2010 9:13 AM

  Chock-up another loss to the recession. The Base Village at Snowmass project to add hotel rooms, homes and restaurants at the base of the ski area has been put into receivership. James Pavisha of Denver is the receiver. His spokesman Jim DeFrancia says the transition into Pavisha managing operations... more »

• Surprise! New cars cheaper than used

  July 7, 2010 10:34 AM

  You've heard the advice for years--buying a used car is a better value than buying a new car because the value drops as soon as you drive off the lot. But a careful crunching of numbers by Consumer Reports and Edmunds.com found the opposite true--it's now cheaper or the... more »

• Bankruptcy filings up 14% in 2010

  July 6, 2010 7:46 PM

  New numbers from the American Bankruptcy Institute show a 14% rise in bankruptcy filings between January and June. That's more than 770,000 new cases nationwide, and it's happening in Southern Colorado. "We were up by the end of May by 66 cases, which is a lot." explains Colorado Springs bankruptcy... more »

• New Colorado grant for Veterans Green Job Training

  June 16, 2010 11:19 AM

  Colorado is getting another $500,000 to provide green job training for veterans, according to Sen. Michael Bennet. The money will be distributed through the Colorado Department of Labor & Employment. "Colorado can lead the country towards a clean energy future, and our veterans can and want to play a... more »

• 'No easy resolution' in restoring millions of jobs

  June 9, 2010 4:23 PM

  Federal Reserve Chairman Ben Bernanke sees "no easy resolution" to restoring millions of jobs wiped out by the recession and strengthening the economy. Bernanke says in prepared remarks that there has been some modest improvement in the labor market. But he also says the country continues to endure high... more »

• Slow recovery spreads to all parts of the country

  June 9, 2010 2:11 PM

  The economic recovery is finally spreading to all parts of the country. But the modest pace of growth suggests companies won't be ramping up hiring to quickly drive down unemployment. A new survey by the Federal Reserve says economic activity improved across all 12 regions tracked. That's a tad... more »

• 2009 charitable giving falls in US

  June 9, 2010 8:50 AM

  Even though a new report says charitable giving fell by 3.6 percent last year, some philanthropic experts are breathing a sigh of relief. They feared the decline would be much worse as Americans continued to struggle with the recession. The Giving USA Foundation says Americans donated almost $304 billion... more »

• More employees jump ship as economy improves

  June 9, 2010 8:07 AM

  One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them. More people have quit their jobs in the past three months than were laid off. That's a sharp reversal after 15 straight months in which layoffs... more »

• Short week saves on utility costs in Fremont County

  May 24, 2010 3:19 PM

  Keeping Fremont County's administration building closed one day a week has saved more money than expected. Last June the county switched the building's operating hours to 10-hour work days, Monday through Thursday in a move to save an estimated $10,000 per year in utility costs. County Manager George... more »

• Teacher tenure bill faces first hearing in House

  May 6, 2010 8:34 AM

  Backers of a controversial proposal to change the way teachers get and keep job protections think there's still time to pass the bill this year. The bill is up for its first hearing in the House Thursday and bill sponsor Rep. Christine Scanlan believes the education committee will endorse... more »

• Fort Collins schools to lay off dozens of teachers

  May 6, 2010 8:27 AM

  Teachers and staffers at schools in Fort Collins are facing layoffs. The Poudre School District announced Wednesday it will cut 139 teaching and other school jobs because of budget cuts. The state's ninth-largest school system says it has to cut $12 million from next year's budget. Sixty of the... more »

• Consumer spending likely drove growth in first quarter

  April 30, 2010 8:25 AM

  When the Commerce Department releases its first quarter gross domestic product estimate this morning, economists are expecting it will show the economy is on the rebound thanks in part to America's shoppers. Wall Street economists surveyed by Thomson Reuters are estimating the economy grew at a 3.4 percent annual rate... more »

• Gov. Ritter will sign $18.2 billion budget

  April 29, 2010 10:22 AM

  The $18.2 billion budget passed by legislators is about to become law. Gov. Bill Ritter planned to sign the budget bill Thursday. It will take effect in July, when the fiscal year begins. Schools will get 6.4 percent less than usual, and some districts are planning for layoffs. The... more »

• Rosy earnings show that corporate America is back

  April 29, 2010 8:23 AM

  A rise in first quarter profits by companies that do everything from making appliances to selling cruises provides emphatic new evidence that the economy has moved past the crisis. Analysts say the strong first-quarter profits aren't because of the layoffs many of them used to dress up last year's... more »

• Unemployment falls in a majority of US cities

  April 28, 2010 1:08 PM

  Unemployment rates fell or remained level in three-quarters of the 372 largest metropolitan areas, a sign that the economic recovery is widespread. The Labor Department says the jobless rate dropped in 69 percent of metro areas last month, rose in 24 percent and remained the same in the rest. That's... more »

• Forecasters optimistic about economy, job creation

  April 26, 2010 11:06 AM

  A new survey shows economists are more optimistic about growth this year as industries increasingly report better profits and add new jobs, though they still expect the recovery to remain slow. Seventy percent of those surveyed by The National Association for Business Economics believe real GDP will grow by more... more »

• Geithner says economy growing faster than expected

  April 18, 2010 9:50 AM

  Treasury Secretary Timothy Geithner says the economy is growing faster than the Obama administration expected. He tells NBC's "Meet the Press" that the country is on the way to sustained job creation. But he acknowledges that unemployment may remain high, close to 10 percent. Geithner says there's more confidence in... more »

• Colorado grows more dependent on federal aid

  April 12, 2010 9:11 AM

  Colorado is growing more dependent on aid from the federal government. According to the U.S. Bureau of Economic Analysis, 13 cents of every $1 that Coloradans earned in personal income during the fourth quarter of last year came from the government. That is up from 9.7 cents on the dollar... more »