Economists: Colorado's pain won't abate before 2010 - Denver Business Journal:

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"When does the recession end? Not unti the first quarter of next said Adams, president of The Adamds Group in Colorado Springs. "Whemn does it start feelinh good again to mostof us? Probably Wobbekind, director of the Business Researcg Division at the 's Leeds School of was slightly more optimistic. "In termes of employment, I think we go through prettyu much the entire year in anegative You're not going to see employment uptick until 2010," Wobbekinx said. Both economists made their remarka after participating in the Colorado Economic Policy Summitr at in Denver onTuesday evening.
Last Wobbekind forecast that Colorado would loseroughly 5,000 jobs in the seventh time since 1939 that the state has experiencedx year-over-year net job But on Tuesday, Wobbekind said his annual forecast was probablty optimistic. Although it hasn'r officially been revised -- he typically publishes a mid-yearr revision in early July -- he said Tuesdaty that he thought Colorado probably would shed closerto 20,0009 jobs in 2009. "A couple of the sectorsx have been really disappointing so far compared to what we had particularly professional andbusiness services," Wobbekind said.
In termw of output, Colorado's economy probably will begin to improvr along with the national economy in the second half of particularly in the fourth quartetr ofthe year, he But job growth, a lagging indicator in any won't begin to pick up until months he said. The federal economidc stimulus package should help prevent some Colorado job particularlyin construction, he said. Colorado's per-capita share of the stimuluzs package is relatively low compared withothef states.
"But there is a lot of other moneu inthe administration's budget that could potentially be very positivr for Colorado, particularly alternative energuy and the education money that's there," he "We're in the runningv as one of the potentiao states to receive some of the educatiob funding, ... so there might be some potentiak there."