Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: flint who wrote (8094)	9/3/2001 8:45:48 AM
From: Monty Lenard	Read Replies (2) of 74559

Wonder if Denver could be a barometer for the rest of the country....housing & unemployment??? denverpost.com The Colorado Department of Labor tracked a 30 percent increase in jobless claims from June to July to nearly 13,400. The figure represents the number of Colorado residents actively drawing unemployment benefits. "What we're seeing is that unemployment numbers are being revised up and they're moving above 3 percent," US Bank economist Tucker Hart Adams said last week. "That's still really low, but it has moved up almost a full percentage point now from its low point last year. "That says to me that ... people are out of jobs a little bit longer," she said. "When you add that to what we're seeing in the Denver housing market - with the inventory of homes for sale increasing and people not getting their asking prices - we are really starting to feel the impact of the slower economy." Monty

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