New Mexico Business Weekly (http://albuquerque.bizjournals.com) reports that the New Mexico economy ranks 36th in health among the states. The report is from www.portfolio.com, owned by American City Business Journals Inc., as is Business Weekly. The annual study emphasizes performance of the private sector. Gauging the unemployment rate, Business Weekly says, “New Mexico's employment picture appears to be stabilizing a bit.”
I disagree.
Here are the numbers.
2010 rank 36
State New Mexico
Employment score -3.79
Private-sector jobs (May 2010) 597,700
Percent growth in private-sector jobs (2005-10) -1.4%
Percent growth in private-sector jobs (2009-10) -2.7%
Raw growth in private-sector jobs (2005-10) -8,300
Raw growth in private-sector jobs (2009-10) -16,600
Unemployment rate (May 2010) 8.4%
2010 rank 36
2009 rank 14
2008 rank 8
2007 rank 7
2006 rank 10
2005 rank 13
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