Slow to recover: Colorado’s mountain-resort counties typically bounce back more quickly from recessions than the state as a whole, said Joe Winter, senior economist with the state labor department. That might not hold true this time. There is no immediate turnaround in sight for the energy development business in western Garfield County, Winter said.Tourism in the resort areas remained lackluster this winter. Second-home development has stalled.“Construction has lost an amazing number of jobs in the last two years,” Winter said.
ASPEN REAL ESTATE – The Roaring Fork Valley has been hit considerably harder by the recession than Colorado as a whole, based on the number of jobs lost, according to a recent report by the state.Pitkin County had 2,092 fewer jobs in the third quarter of 2009 compared to the same period in 2008, according to the report by the Colorado Department of Labor and Employment. That equates to a dip of 12 percent.The report examined the average employment in the state’s counties during the third-quarter months of July, August and September.
By Scott Condon, April 16, 2010
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