Economic Recovery

By: AP
By: AP

The state of Colorado may have turned an economic corner, but at least one expert calls the recovery a “jobless'' one.

Governor Owens said yesterday that Colorado appeared to have turned the corner economically because state revenues were almost $78 million higher than expected in the past fiscal year.

U.S. Bank regional economist Tucker Hart Adams says the state appears to be stuck in a jobless recovery, where businesses are doing better but still aren't hiring, waiting to see if the economy improves.

House Democrats convened an economic summit Thursday amid new jobless figures.

The state Department of Labor says the rate declined only a tenth of a percentage point last month, down slightly from the peak of 5.9-percent in April.


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