Recovery from Great Recession slow, but under way

The Northern Colorado Business Report Annual Monthly Growth Rate is very erratic around the zero line as the Northern Colorado economy recovers from the recent recession. Most of this unevenness is caused by lumpiness in construction dollars.

Infrastructure construction, repair and maintenance (road work) comes to Northern Colorado governments in lumps, mostly dispensed by the federal Recovery Act, which has been very effective in halting the national slide into depression. Thankfully, we have been left with only a severe recession, which will be difficult to get out of, but not in a situation which could have been…