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Unformatted text preview: eclosure, down from
1 in 435 in Q1 2011.
The OBER tracks bank deposits at four local and
regional banks. Since Q3 2009, bank deposits
have been weakening. Deposits from Q2 2011 fell
an average of 7.2% relative to the same period in
2010, an improvement compared to the 8.6% average decline the previous year. Recent and Future Trends
Like the rest of the state and nation, several key
trends in the La Plata economy are negative.
Despite a falling unemployment rate, the labor market remains weak. Given Colorado’s propensity
to lag behind the rest of the country’s economy,
La Plata’s local economy is expected to remain
unsteady. Falling demand in construction and a
weak real estate industry will continue to hamper
the economy’s potential for robust growth. Underemployment will persist as the region continues to
depend largely on seasonal construction and low
Furthermore, the OBER has found a close relationship between housing markets in San Diego
and Durango with a one-year lag. Thus, given the
recent declines in the Southern California mark...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery