Despite a decline in foreclosure filings in July, Mesa County continues to experience the highest foreclosure rate among 12 metropolitan counties in Colorado. According to the latest statistics from the Colorado Division of Housing, 76 foreclosure filings and 57 foreclosure sales were reported in Mesa County during July. Compared to the same month last year, […]
U.S. payrolls grew nearly 100,000 more in July than June, but the unemployment rate edged up a tenth of a percent nonetheless. According to the latest Labor Department estimates, nonfarm payrolls increased 163,000 in July with hiring in a number of industry sectors. The July gain exceeded by almost 100,000 the June gain, which was […]
With year-over-year increases in property foreclosure filings and sales, Mesa County continues to experience the highest foreclosure rate among metropolitan counties in Colorado. According to the latest statistics from the Colorado Division of Housing, Mesa County reported 140 foreclosure filings and 67 foreclosure sales in June. Compared to the same month last year, filings jumped […]
A monthly index tracking business conditions in Colorado has slumped to its lowest reading in nearly three years as severe drought conditions begin to take a toll on the state economy. The Business Conditions Index dropped nine points to 49.6 in July, the first time the reading has slipped below growth-neutral 50 since 2009. “With […]
A measure of consumer confidence has increased on more upbeat expectations for improving business and labor conditions, ending a four-month decline. The Conference Board reported that its Consumer Confidence Index (CCI) rose more than three points in July to 65.9. A component of the CCI tracking consumers’ short-term outlook advanced, while a component of the […]
Phil Castle, The Business Times: The monthly unemployment rate in Mesa County has spiked once again on a seasonal influx of people searching for summer jobs. Labor demand remains strong, however, with increases in posted job openings. According to estimates from the Colorado Department of Labor, the seasonally unadjusted jobless rate in Mesa County jumped […]
An index forecasting economic performance in the United States has dropped for a second time in three months, a signal the laggard pace of growth could slow even more. The Conference Board reported that its Leading Economic Index (LEI) fell three-tenths of a point to 95.6 in June as building permits and factory orders fell […]
Phil Castle, The Business Times: While sales tax collections in Mesa County continue to outpace last year, the latest report reflects the smallest monthly gain since November. The City of Grand Junction reported strong sales tax collections for the month, but a sharp drop in use tax collections. Overall, sales tax collections continue to exceed […]
A monthly index forecasting economic performance in the United States continues to signal moderate growth one economist described as a “muddle through.” The Conference Board reported that its Leading Economic Index (LEI) rose three-tenths of a percent in May to 95.8. The index has climbed 1.8 percent over the six-month period ending in May. Separate […]
A measure of consumer confidence has dropped for a fourth straight month as the outlook for business and labor conditions for the second half of the year turns less optimistic. The Conference Board reported that its Consumer Confidence Index (CCI) fell more than two points in June to 62, its lowest level in five months. […]