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It's an ugly climate

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State keeps bad company, economically

By Harold Morgon

Nothing much, bad or good, seems to be happening in the New Mexico economy.
For the past few months the state has been bumping along.
The big bad exception is Las Cruces, which has dropped firmly back into recession and job loss. Maybe we’re ending the long slide.
The job creation index of the Gallup polling firm, released Aug. 19, shows New Mexico tied for 45 out of 51 with three states, California, the epitome of state policies gone wrong; the near bankrupt Rhode Island; and New Hampshire.
Ugly company. (See www.capiolreportnm.blogspot.com for an explanation of the Gallup survey.)
Our neighbors fare better, as is usual with state economic performance rankings.
Utah is 16 on the Gallup survey, which applies to the first half of 2011. Colorado is 28th. Arizona, one of the big foreclosure four, is 31.
Energy and commodity producing states dominate what Gallup calls “the 10 best state jobs markets.”
North Dakota, the leader, has been on the list since 2008 with Oklahoma, which borders New Mexico, and West Virginia.
The Northeastern finance states such as New York and Western states hit by housing dominate the bottom 10.


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