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New Mexico last in job growth

Lack of growth is both in private companies and government

Losing out on Tesla has many New Mexicans talking about the state of our economy. Experts say it's bad-in fact, we rank dead last in the country in job growth. Researchers say, things aren't getting better.
Losing out on Tesla has many New Mexicans talking about the state of our economy. Experts say it's bad-in fact, we rank dead last in the country in job growth. Researchers say, things aren't getting better.
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New Mexico last in job growth
Lack of growth is both in private companies and government
Losing out on Tesla has many New Mexicans talking about the state of our economy.Experts say it's bad; in fact, New Mexico ranks dead last in the country in job growth.Researchers say things aren't getting better."It's not good. We're not growing, we are not adding jobs at the rate the rest of the nation is. We are trailing our neighbors," says Jeffrey Mitchell, the director of UNM's Bureau of Business and Economic Research.Mitchell analyzes federal and local data on the economy and is able to rank states on job growth.He says right now, New Mexico is ranked 50th.Mitchell points out that the lack of job growth is both in private companies and government.Gov. Susana Martinez explains New Mexico is the No. 1 state reliant on federal dollars, from the military bases and national labs."Whenever there is all that dysfunction in Washington, we are the first state to feel the pain," says Martinez.What sets New Mexico apart, Mitchell says, is the state's hopes for big companies to come in instead of building a solid foundation at the local level."We have put a lot of attention on a big winner, Spaceport, Tesla, of a quick fix," says Mitchell.As for the future?"On the upside, it's not getting worse, it's just not getting better," says Mitchell.To fix that, Mitchell says the state needs to find new ways to recharge the economy.Researchers say New Mexico's education system also plays a role in attracting jobs to our state.

Losing out on Tesla has many New Mexicans talking about the state of our economy.

Experts say it's bad; in fact, New Mexico ranks dead last in the country in job growth.

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Researchers say things aren't getting better.

"It's not good. We're not growing, we are not adding jobs at the rate the rest of the nation is. We are trailing our neighbors," says Jeffrey Mitchell, the director of UNM's Bureau of Business and Economic Research.

Mitchell analyzes federal and local data on the economy and is able to rank states on job growth.

He says right now, New Mexico is ranked 50th.

Mitchell points out that the lack of job growth is both in private companies and government.

Gov. Susana Martinez explains New Mexico is the No. 1 state reliant on federal dollars, from the military bases and national labs.

"Whenever there is all that dysfunction in Washington, we are the first state to feel the pain," says Martinez.

What sets New Mexico apart, Mitchell says, is the state's hopes for big companies to come in instead of building a solid foundation at the local level.

"We have put a lot of attention on a big winner, Spaceport, Tesla, of a quick fix," says Mitchell.

As for the future?

"On the upside, it's not getting worse, it's just not getting better," says Mitchell.

To fix that, Mitchell says the state needs to find new ways to recharge the economy.

Researchers say New Mexico's education system also plays a role in attracting jobs to our state.