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Colorado Springs won't recover jobs until 2022: Forecast


The Colorado Springs economy won’t recover the jobs lost in the COVID-19 pandemic until next year, according to an economist at the University of Colorado at Colorado Springs.
While the local economy is recovering faster than the rest of the nation, Tatiana Bailey, director of the UCCS Economic Forum, said business closures and other disruptions will make it difficult to return to the near-record low unemployment rate that was reached just before the pandemic triggered a statewide stay-at-home order. She made the comments during a virtual presentation to the Apartment Association of Southern Colorado.
Bailey forecasts that El Paso County’s unemployment rate will average more than 6% this year, or nearly double the 3.3% rate in 2019 before the pandemic inflated last year’s average to more than 7%. The hotel and restaurant industries are a long way from rehiring the employees laid off during the pandemic, and some restaurants and retailers have closed permanently, she ....

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CU Leaders Want To Raise Tuition By 3% As Another Budget Crisis Looms


Hart Van Denburg/CPR News
Outside the University of Colorado Boulder’s Norlin Library, a normally busy area of campus, was quiet Tuesday, Sept 22, 2020. The campus shifted to a two-week all-online class schedule driven by climbing coronavirus infection rates.
Facing a budget shortfall of $218 million for this fiscal year, the University of Colorado system is proposing a 3 percent tuition increase to make up for lost revenue from lower enrollment rates and state funding cuts. 
The proposed increase would be the first in three years and, if approved, would apply to all incoming in-state students. Those already enrolled on the Boulder campus are covered by the university’s tuition guarantee program, which freezes their tuition and mandatory fees for four years after enrollment.  ....

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