Economy@ W. P. Carey

WBC Forecast Table
Blue Chip Consensus
New Mexico
Forecast Released February 1, 2012

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2012 Forecast
  Annual Percent Change 2012 from 2011
  Current $ Personal Income Mfg. Employ. Wage & Salary Empl. Population Growth Single-family Housing Permits
Eastern New Mexico University   2.9   0.9   2.1   1.6   11.0
New Mexico State University - CEMAF   3.5   0.0   2.2   1.7  
PNM Resources          
University of New Mexico - BBER   3.3   1.1   0.9     8.4
Wells Fargo & Company - MN   3.3   1.2   1.8   1.7   11.0
Consensus - This Month 3.3 0.8 1.8 1.7 10.1
Consensus - Last Month 3.3 0.8 1.8 1.7 10.1

2013 Forecast
  Annual Percent Change 2013 from 2012
  Current $ Personal Income Mfg. Employ. Wage & Salary Empl. Population Growth Single-family Housing Permits
Eastern New Mexico University   3.1   1.2   2.4   1.6   11.0
New Mexico State University - CEMAF          
PNM Resources          
University of New Mexico - BBER          
Wells Fargo & Company - MN   3.6   1.5   2.5   1.8   10.0
Consensus - This Month 3.4 1.4 2.5 1.7 10.5
Consensus - Last Month 3.6 1.5 2.5 1.8 10.0

 

New Mexico Update and Outlook


New Mexico’s seasonally adjusted unemployment rate was 6.6 percent in December 2011, up slightly from 6.5 percent in November but down from 8.6 percent a year ago. The national unemployment rate dropped to 8.5 percent.

The rate of over-the-year job growth, comparing December 2011 with December 2010, was 0.9 percent, representing an increase of 7,400 jobs. New Mexico has now posted seven straight months of over-the-year job growth, following a sustained period of losses that began in November 2008. The employment survey showed seven industries adding jobs, five losing jobs, and one unchanged from a year earlier.

The largest private-sector industry group, educational & health services, continued to add a large proportion of the new jobs. This fast-growing group of firms, dominated by large health care providers, gained 4,300 jobs over the year, growing 3.5 percent.

New Mexico Department of Workforce Solutions
http://www.dws.state.nm.us/
 




 

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