From Southwest Economy, a quarterly publication of the Federal Reserve Bank of Dallas.)dallasfed.org/assets/documents/research/swe/2016/swe1602h.pdf)
"El Paso boomed in 2015, posting its highest rate of job growth since before the Great Recession while the rest of the state slowed markedly. El Paso continues to outperform the state but has decelerated somewhat, with employment declines in the goods-producing sector out- weighed by job creation in the services sector.
"The El Paso Business-Cycle Index expanded an an- nualized 1.8 percent in April. Job creation and a decline in the unemployment rate have contributed to business-cycle gains.
"El Paso employment grew at an annualized monthly rate of 2.1 percent in April. Job growth was mixed across industries. Leisure and hospitality gained the most at 14.1 percent. Trade, transportation and utilities continued to be fast growing, rising 11 percent. The increases may be linked to strong manufacturing activity south of the Rio Grande.
"—Adapted from El Paso Economic Indicators, Federal Reserve Bank of Dallas, May 2016"
Showing posts with label El Paso. Show all posts
Showing posts with label El Paso. Show all posts
Thursday, July 14, 2016
Thursday, May 22, 2014
Stagnation is Regional: Abq Beats El Paso and Tucson
The stagnation or slump or whatever one calls it is regional if one judges by population growth. That means that whatever is not happening is more than not happening with federal research organizations.
The Census Bureau released city population figures today. Albuquerque’s 2012-2013 growth was all of 0.34%, or 1,874 people. The 2013 Duke City population is an estimated 556,495. Note this is just the city. The metro are has four counties including Sandoval, which means Rio Rancho, population 91,950, plus 1.3% or 1,181. The RR performance jibes with a Wall Street Journal article about the new numbers which said suburban growth is back to running ahead of central cities, just a bit anyway.
In the region, Albuquerque’s one-year growth was ahead of Tucson, population 556,495, growth of 0.25%, or 1,315. El Paso, population 674,433, plus 1,874, or 309. Both cities have a large federal presence, El Paso with recently hugely expanded Fort Bliss, and Tucson with Davis–Monthan Air Force Base.
Other growth rates were Santa Fe (+ 0.9%, population 69,976); Omaha, +1.28%; Colorado Springs, + 1.46%; and Denver booming at + 2.36%.
All the more reason (broken record time here) to understand what really is happening with the 31 New Mexico counties not named Lea and Eddy.
The Census Bureau released city population figures today. Albuquerque’s 2012-2013 growth was all of 0.34%, or 1,874 people. The 2013 Duke City population is an estimated 556,495. Note this is just the city. The metro are has four counties including Sandoval, which means Rio Rancho, population 91,950, plus 1.3% or 1,181. The RR performance jibes with a Wall Street Journal article about the new numbers which said suburban growth is back to running ahead of central cities, just a bit anyway.
In the region, Albuquerque’s one-year growth was ahead of Tucson, population 556,495, growth of 0.25%, or 1,315. El Paso, population 674,433, plus 1,874, or 309. Both cities have a large federal presence, El Paso with recently hugely expanded Fort Bliss, and Tucson with Davis–Monthan Air Force Base.
Other growth rates were Santa Fe (+ 0.9%, population 69,976); Omaha, +1.28%; Colorado Springs, + 1.46%; and Denver booming at + 2.36%.
All the more reason (broken record time here) to understand what really is happening with the 31 New Mexico counties not named Lea and Eddy.
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