Leading economic index reflects slowing growth, but not recession

A monthly measure of future economic performance in the United States continues to reflect a weak economy, but not one headed back into recession. The Conference Board Reported that its Leading Economic Index (LEI) edged up a tenth of a percent in July. Measures of current and past economic performance also increased. “The indicators point […]

Index: Small business owners shaken, not stirred

A monthly measure of optimism among small business owners retreated further in July even as concerns about business and labor conditions mounted. The National Federation of Independent Business reported that its Index of Small Business Optimism dropped nearly a point to 88.1. The latest decline comes on the heels of a 3.2-point drop in June. […]

Census layoffs contribute to shrinking payrolls

U.S. payrolls fell for a second straight month as more temporary census workers lost their jobs. According to Labor Department Estimates for July, nonfarm payrolls fell 131,000 as government layoffs more than offset hiring in other sectors. The U.S. unemployment rate remained unchanged at 9.5 percent. Employment to conduct the 2010 census has influenced overall […]

Colorado business leaders upbeat about third quarter

A quarterly index tracking confidence among Colorado business leaders has climbed to its highest level in three years on more upbeat expectations for the state economy. The Leeds Business Confidence Index rose to 54.8 for the third quarter of 2010. That’s up from 51.7 for the second quarter and the highest level since the second […]

Consumer confidence drops as concerns mount

A monthly measure of consumer confidence has declined for a second straight month as concerns mount over business and labor conditions. The Conference Board reported that its Consumer Confidence Index (CCI) fell 3.9 points in July to 50.4. With losses in June and July, the index has dropped a total of more than 12 points […]

June jobless jump: Seasonal increase takes Mesa County rate to 9.7 percent

The unemployment rate in Mesa County jumped in June, continuing what’s long been a pattern for the month. According to the latest estimates from the Colorado Department of Labor and Employment (CDLE), the unadjusted jobless rate in Mesa County climbed to 9.7 percent. The latest rate is up eight-tenths from a revised 8.9 percent for […]

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