This was a record setting week in Colorado Springs. After hitting over 7,000 homes on the market last weekend, we hit an all time record for electricity useage as a result of the hot weather this week (thankfully past us now?). The Dow set a record as well, over 14,000 (although some of that disappeared before the week ended). Traditionally, when the stock market goes up, so do interest rates, so we'll see if there is any fallout from that.
We did NOT set any records for employment growth last month, with only 400 jobs added, even at this busy time of year, and the Colorado Springs unadjusted unemployment rate was 4.3% June. I was glad to see Intel is sticking around for an extra couple of months, but we could use some more jobs around here!
It remains to be seen whether they will set any new records with the Pikes Peak Hill Climb, some were expected, and conditions should be good.