Consumer Confidence Index rebounds

A measure of consumer confidence has increased for a second straight month on more upbeat assessments of business and labor conditions even as concerns about recession and inflation persist. The Conference Board reported its Consumer Confidence Index rose 4.4 points between August and September. With gains in each of the last two months, the index […]

Leading index signals growing risk of recession

An index forecasting economic conditions in the United States has declined for a sixth straight month, signaling slowing and the risk of recession. The Conference Board reported its Leading Economic Index fell three-tenths of a percent to 116.2 in August. Separate measures of current and past conditions increased. The Leading Economic Index dropped 2.7 percent […]

Small business index rebounds, but concerns persist

A measure of optimism among small business owners has rebounded on more upbeat expectations, but concerns persist over inflation and labor shortages. The National Federation of Independent Business reported its Small Business Optimism Index rose 1.9 points in August. But at 91.8, the latest reading remained below the 48-year average of 98 for an eighth […]

Mesa County real estate sales slow with return to more normal conditions

Phil Castle, The Business Times Real estate activity continues to slow in Mesa County as higher interest rates and inflation affect sales. But Stewart Cruickshank sees the shift as a return to more normal market conditions coming off a record-breaking pace in 2021. “We’re in third gear, not neutral,” said Cruickshank, sales manager at Bray […]

Consumer confidence rebounds, but concerns persist

A measure of consumer confidence has rebounded on more upbeat assessments of business and labor conditions, but concerns about inflation and recession persist. “August’s improvement in confidence may help support spending, but inflation and additional (interest) rate hikes still pose risks to economic growth in the short-term,” said Lynn Franco, senior director of economic indicators […]

Business index edges up, but reflects uncertainty

A measure of optimism among small business owners has edged up, but remains below its historical average as uncertainty over inflation, labor shortages and other problems persist. The National Federation of Independent Business reported its Small Business Optimism Index rose four-tenths of a point between June and July to 89.9. The index has remained below […]

Grand Junction tax collections trend upward

Tax collections, a key measure of retail sales and lodging activity, continue to increase in Grand Junction. The City of Grand Junction reported an 8.2 percent increase in its combined sales and use tax collections for June compared to the same month a year ago. Lodging tax collections rose 28.5 percent on a year-over-year basis. […]

U.S. labor update: Payrolls up, jobless rate down

United States payrolls increased, and the unemployment rate edged down in July as the two measures of the labor market returned to pre-pandemic levels. Nonfarm payrolls increased 528,000 and the jobless rate retreated a tenth of a point to 3.5 percent, according to the latest Bureau of Labor Statistics estimates. The monthly payroll increase was […]

Business optimism index drops along with expectations for improving economy

A measure of optimism among small business owners continues to decline on record-low expectations for an improving economy. The National Federation of Independent Business reported its Small Business Optimism Index dropped 3.6 points to 89.5 in June. The index has remained below its historical average of 98 for six consecutive months. “As inflation continues to […]

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