Regional
8:03 am
Mon April 30, 2012

New Mexico Is In Slog Toward Economic Recovery

ALBUQUERQUE, N.M. (AP) — New Mexico remains in a slog toward economic recovery.

The Albuquerque Journal reports (http://bit.ly/IDRXgr) that economic data for the second half of 2011 shows New Mexico's job creation numbers are troubling but may be improving.

The state's personal income numbers are encouraging, unless you count business owners' income. And unemployment numbers have been a moving target.

The data reported by the newspaper and compiled by the University of New Mexico Bureau of Business and Economic Research suggest that the state's economy is improving.

Unemployment averaged 8.2 percent in the third quarter of 2011, 7.2 percent in the fourth quarter and 7.1 percent in the first quarter of 2012.

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Information from: Albuquerque Journal, http://www.abqjournal.com

 

Copyright 2012 The Associated Press.