New Mexico Economic Outlook

For the Governor's Summit on Economic Development, now in session at the Hyatt Regency in Albuquerque, the University of New Mexico's Bureau of Business and Economic Research has provided a three-page plus summary of its extensive and detailed economic forecast that is issued a number of times each year.
Here is the summary paragraph of the summary. "The outlook for the New Mexico economy calls for moderate but slowing expansion. Following a robust increase of 3.0 percent in 2005, New Mexico nonfarm employment growth will slip to 2.0 percent in 2007 and 1.9 percent in 2008, and then to near 1.5 percent each year through 2012. New Mexico personal income growth will follow a similar pattern, with gains of 6.7 percent next year. Following that, growth will ease into the neighborhood of 5.5 percent through the forecast horizon. The unemployment rate will hold at just over 4.0 percent."
Sector Job Growth:
Construction - a modest recovery in the second half of 2008, job losses in 2009.
Mining - virtually zero growth after 2007.
Manufacturing - growth around one percent through 2012.
Information - growth dropping to around 3.0 percent starting in 2009, less than half the current rate.
Health Care - 2.5 percent in 2008 and 2009, then less.
Professional and business services - "a very good showing," which means mostly less than 3.0 percent.
Trade - 1 percent or less.
Arts, entertainment and recreation - around 1.0 percent through 2010, then dropping.
Accommodation and food services (the big tourism sector) - 1.6 percent in 2008, then dropping.
Other services - half a percent or less.
Government - employment decline of 0.6 percent in 2007, then increases of around 1.5 percent.
BBER has much, much, much more, including whether the government job decline is in state, local or federal employment. The report provided conference attendees contains more sector details than we've seen BBER release in a long time. That is why it is provided here. Though nearly all the forecast service's financing come from the public sector, BBER standardly refuses to share with the public any information beyond modest and varying summaries. It's a long story and a bureaucratic battle long since lost.