Aug 6, 2011 12:44 AM by Matt Stafford

Concern and hope for local economy

"I know first hand that the job market is pretty tough," says Jose Dominguez, a Colorado Springs resident. It took Dominguez a couple of months to find work when he first moved to Colorado Springs, and he knows others who are looking.

David Welker, a Fort Carson soldier, says the job market has many of his co-workers looking at re-enlisting.

"No one is getting out because of great job opportunities," says Welker.

National jobs reports, like the latest one from July, that don't show any significant improvement leave many wondering, what's next?

"It's a great concern for all of us," says David White, VP of marketing for the Colorado Springs Economic Development Corporation. "There are a lot of people in this community that are suffering."

But White says Colorado Springs does have a bright spot to focus on -- call centers and data centers looking to call it home. Last month Wal-Mart just announced a new data center they're planning to build in the Springs.

"The Wal-Mart data center will be an investment of over 100 million dollars in our community," says White. While the short term job prospects for constructing the center is positive; once completed, it will create only thirty permanent, full time jobs.

Given the current economic environment, the E.D.C. is happy for any job creation.

According to the Department of Labor and Employment, the unemployment rate for El Paso County was 9.8 percent in the latest numbers from June. That's higher than the new national average of 9.1 percent.


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