Grand Valley tax collections on the rise

Tax collections, a key measure of sales activity, continue to increase in Grand Junction and Mesa County. The City of Grand Junction and Mesa County reported large, year-over-year gains in collections in May, although the gains also reflect the effects of the COVID-19 pandemic a year ago. The city collected nearly $4.9 million in sales […]

Leading index signals faster growth ahead for U.S.

An index forecasting economic conditions in the United States continues to increase, signaling growth in the months ahead. Separate measures of current and part performance also rose. The Conference Board reported its Leading Economic Index (LEI) rose 1.6 percent to 113.3 in April, topping its previous peak in January 2020. “While employment and production have […]

Consumer Confidence Index slips

A measure of consumer confidence has slipped from its highest reading in more than a year, but still reflects mostly upbeat assessments of business and labor conditions. The Conference Board reported its Consumer Confidence Index fell to 117.2 in May, down three-tenths of a point from what in April was the highest reading since early […]

Small Business Optimism Index rises despite labor concerns

A measure of optimism among small business owners has increased despite concerns over unfilled jobs. The National Federation of Independent Businesses reported its Small Business Optimism Index rose 1.6 points to 99.8 in April. “Small business owners are seeing a growth in sales, but are stunted by not having enough workers,” said Bill Dunkelberg, chief […]

Colorado report offers mixed outlook

An increase in business filings in Colorado bodes fell for improving economic conditions in the aftermath of a pandemic, but some industry sectors continue to face challenges. “Colorado is poised to make a full job recovery from the recession by 2022. But many Coloradans still are struggling from job loss due to COVID-19,” said Colorado […]

U.S. job growth slows

Job growth continues in the United States, although at a slower pace. Nonfarm payrolls increased 266,000 and the unemployment rate edged up a tenth of a point to 6.1 percent in April, according to the latest U.S. Bureau of Labor Statistics estimates. What was initially estimated as a gain of 916,000 jobs in March was […]

Mesa County real estate gains “off the charts”

Phil Castle, The Business Times Robert Bray keeps a close eye on statistics for the Mesa County real estate market. He just has trouble believing what he’s seeing. “I’ve never seen anything like it,” said Bray, chief executive officer of Bray Real Estate in Grand Junction. “These numbers are off the chart.” Annette Miller, administrative coordinator […]

Leading index signals growth ahead for U.S.

A monthly index forecasting economic conditions in the United States continues to increase, signaling improvement in the months ahead. The Conference Board reported its Leading Economic Index rose 1.3 percent to 111.6 in March, more than offsetting a revised tenth of a point drop in February. A separate measure of current conditions increased, while a […]

Small business optimism up, but so are labor concerns

A monthly measure of optimism among small business owners has increased, but so have concerns over finding qualified employees to fill job openings. The National Federation of Independent Business reported its Small Business Optimism rose 2.4 points in March to 98.2. With the gain, the index topped its 47-year average of 98 for the first […]

Grand Junction sales tax collections climb

A measure of sales activity in Grand Junction continues to increase. The city reported collecting more than $3.7 million in sales taxes in February. That’s an increase of nearly $423,000 and 12.8 percent over the same month last year. The city also received nearly $800,000 as its share of county sales tax collections, a 6.3 […]

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