'07 Job Growth Slowed to a Trickle

Summary

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Job growth in the Colorado Springs area slowed during 2007 to the lowest rate in four years, another sign that the local economy might be nearing a recession.

The U.S. economy is "right at the threshold of a recession," and the local economy would likely follow the nation into a downturn, said Fred Crowley, senior economist for the Southern Colorado Economic Forum at the University of Colorado at Colorado Springs.

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Extract

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'07 Job Growth Slowed to a Trickle

The area's average employment last year grew by just 0.69 percent from the previous year, the slowest since area employment fell during 2003 and less than a third of the growth rate in 2006, th...

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