SANTA FE, NM-The latest forecasts on the New Mexico economy showsome new revenue sources, but a continued slow rate of growth.
The revenue projections presented to the state'sLegislative Finance Committee on Monday indicatethat the state economy continues to underperform the nationaleconomy. According to the Albuquerque Business First, job growth inthe private sector is slow and flat in the government sector in NewMexico. State legislators were also told by state officials toexpect a slowdown in mining employment.
According to the University of New Mexico's Bureau ofBusiness and Economic Research, the New Mexico economywill add jobs at an average of 1.4% per year through the end of 2018. Nearly 92% of the new jobs are expected to be in theprivate sector, growing at an average rate of 1.7% per year. Seestory in the Albuquerque BusinessFirst.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
