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ECONOMIC SNAPSHOT: Look for progress in cutting unemployment to accelerate


Editor s note: Below is part two of the UCCS Economic Forum monthly dashboard highlights. Part one published last Sunday. Tatiana Bailey is director of the Forum.
Job openings in the U.S. have been increasing at a relatively rapid rate over the past several months with 8.1 million openings in March. That is up 40.8% from March of 2020 and up 8.0% from February of this year. This acceleration is also evident in our Colorado Springs job openings. Pre-pandemic in February 2020, our region had a very tight labor market with 19,004 open jobs with 12,325 unemployed people (0.65 available workers per open job). Fast forward to March of this year with a highly disruptive pandemic in between and we have 27,649 job openings with 24,441 unemployed people (or only 0.88 workers per open job). Of course, there are more open positions because the economy is reopening. But the speed at which the labor market has gotten hot again is noteworthy. Just last month there were 1.16 available workers ....

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LETTERS: The importance of travel; infrastructure funding suggestions


The importance of travel
Sunday marks the start of this year’s National Travel and Tourism Week, an event organized by the U.S. Travel Association.
The tourism industry continues to face very difficult times, and the local travel and tourism landscape in the Pikes Peak region is no exception. In a year with extremely reduced travel, we managed to welcome visitors and support local communities within our region. This year, we are proud to join the U.S. Travel Association in celebrating the people and places that remained resilient throughout 2020 and beyond. As we take steps toward tourism recovery, we reflect on the importance of travel to our local economy, businesses and well-being. ....

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Incentive program would help tourism industry rebound from pandemic


Incentive program would help tourism industry rebound from pandemic
KOAA
and last updated 2021-04-20 23:06:41-04
COLORADO SPRINGS — Colorado s tourism industry is recovering slowly after being hit hardest by the COVID-19 pandemic.
Lawmakers hope to help them rebound with House Bill 1263 which would create the Colorado Meeting and Events Incentive Program under the Colorado Tourism Office. The temporary program would offer rebates of up to 10 percent for hard costs associated with hosting events and a rebate of up to 25 percent for COVID-related costs.
Eligible events could include meetings, conferences, festivals, weddings, family reunions, or other personal events. These events must generate at least 25 paid overnight stays in a motel, hotel, vacation rental or other lodging establishment and can demonstrate a significant economic benefit for a host community in Colorado. ....

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