Federal oil and natural gas leasing was down significantly in the Rockies during this fiscal year, according to reports from the Western Energy Alliance. Lease parcels declined by 70 percent, acreage by 81 percent and revenue by 44 percent since 2008. The only exception is North Dakota, which is experiencing...
Across the nation, unemployment rates were lower in August than the prior year in 311 of 372 metropolitan areas, higher in 47 areas, and unchanged in 14 areas, the U.S. Bureau of Labor Statistics reported Monday. Although 28 metropolitan statistical areas had jobless rates of at least 10 percent, 41 had rates...
Oil prices rose 4.5 percent Tuesday on hopes that European leaders are closer to drafting a plan to contain the region's debt crisis. Investors are encouraged that another recession can be avoided and demand for energy products — from oil to diesel and gasoline — will improve if Greece does...
More than 100 homeless people living in tents on Springs Rescue Mission property were ordered to leave Oct. 12 after the nonprofit received a zoning violation due to a rapid increase in campers and complaints. The city of Colorado Springs’ Neighborhood Services Division issued the citation after receiving a number of calls for service to the […]
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Voters say that creating jobs and strengthening manufacturing are top U.S. priorities, according to a poll of focus groups conducted by a bipartisan team of prominent Republican and Democratic pollsters. By a sizeable margin, voters rated manufacturing as the industry “most important to the overall strength of the American economy,”...
U.S. stock futures tumbled Monday amid a rout in global stocks after Standard & Poor’s downgraded the U.S. credit rating for the first time. S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn’t unexpected, but it comes when investors are already feeling nervous […]
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Jobs in Colorado increased by8,800 in October to more than 2.2 million, according to the Colorado Department of Labor and Employment. The unemployment rate decreased by two-tenths of a percent to 8.1 percent. “Some positive trends are beginning to emerge on the Colorado jobs front,” said Ellen Golombek, executive director. “While we still have a […]
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Inflation is holding steady, according to the U.S. Department of Labor Bureau of Labor Statistics. The Consumer Price Index (CPI) of all items rose only 0.1 percent from one month ago, and 2 percent from one year ago. Economists factor the CPI by comparing prices of goods and services over a...
Business orders, production of sales, employment and inventories in the Mountain States are treading slightly above growth neutral this summer but it seems confidence is slipping. About 33 percent of supply managers surveyed in Colorado, Utah and Wyoming say they expect an upturn in sales for the rest of 2011...
The city’s two main business groups have formalized their plans to unify and named its board members. The Greater Colorado Springs Chamber of Commerce and the Colorado Springs Economic Development Corp. will become the Greater Colorado Springs Chamber and EDC, as of Feb. 1. The new board will include: Chris Blees of Biggs Kofford; Frank […]
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One-third of employees have lunch at their desk each day, and another third take no lunch at all, according to a new survey by Right Management. The company polled 751 workers in North America and asked how often they break for lunch. “Lunch patterns allow us to infer a few things...
Colorado Springs ranks in the top 20 “best-run cities,” according to the website 24/7wallst. The article ranked the top best- and worst-run cities in the nation – San Bernadino is the nadir, and Plano was the zenith. In between, Colorado Springs ranked 14th on the best-run list, besting cities like Boston and Portland, Ore. In […]
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