KKTV - Economy - Headlines

Colorado Economist: Recession May Last Through '09

Print
By: Associated Press
Posted: Tue 12:35 PM, Dec 09, 2008

Private Colorado economist Tucker Hart Adams says there's a high probability the recession will last at least through 2009.

She told the Independent Petroleum Association of Mountain States on Tuesday to expect more job losses next year, a higher unemployment rate with more people taking part-time jobs while they look for full-time work, and lower inflation of around 1 to 2 percent.

On Monday, Richard Wobbekind of the University of Colorado's Leeds School of Business said he expected 4,000 job losses in Colorado next year and an unemployment rate of 6.5 percent.

Adams says energy industry growth will probably slow next year, but a lot depends on how long natural gas and oil prices stay down and for how long.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus

Live Traffic Conditions


Follow Me on Pinterest

KKTV Latest Blogs

Resolution FAQ - (Stacia Naquin)

Updated: 05/14/2013 - I'm still focused on meeting my goal of doing a pull-up. And I'm almost there! But I'm always getting this question:

FIT LIFE: You're Never Too Old - (Stacia Naquin)

Updated: 04/09/2013 - Admittedly, there are days that I just don’t feel like working out. But then I met Viola. And if she can make working out a priority at 99, then none of us have any excuses! Here's how she's living a FIT LIFE:

More KKTV Latest Blogs

KKTV 3100 North Nevada Colorado Springs, CO 80907 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 35812614