Some economic good news

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Recovery may resemble tomato crops - small and slow

By Harold Morgon

Years of writing negative things about the New Mexico economy have gotten tedious.
Maybe I’m hallucinating, but I see a few items suggesting some economic green shoots.
I’m sure that our eventual recovery will resemble my tomatoes this year — small and slow. That’s because we’ve been so far down so long and because the creaky national economy is our biggest economic driver.
State jobs figures, due today, could place all my optimism in the delusion file. (Seewww.dws.state.nm.us .)
Still … Some people want to be optimistic about the reported Albuquerque appearance, set for next year, of Dick’s Sporting Goods, the nation’s largest such firm.
When entering a market, a firm feels good about the overall economy, optimists presume. Not so fast, cautions a commercial real estate broker. While New Mexico’s sunny, outdoorsy climate certainly is a lure, Dick’s hasn’t hurried here.
 Besides, Dick’s may have gotten a good (low) price on its space.
Many factors, including price, will explain another business expansion, the decision of the Albuquerque Planet Fitness franchisee to buy the former J.C. Penney call center for a seventh Albuquerque location.
The 370 call center jobs become perhaps 20 gym jobs. Still, jobs are jobs.

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