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According to this article, Albuquerque's lost 13,400 nonfarm jobs in the past 2 years. Looks like maybe the recession was late getting here and will be late leaving as well.
What's the cause, what's to blame, and how do you see the next few years treating the metro?
Yeah, there's no contradiction in gaining people over the last ten years and losing jobs over the last two. I'm not sure why it would be a surprise that Albuquerque would have lost jobs in recent years, when so many other cities have suffered in the same way.
I know the industry I am in is very hard hit. Many of the smaller companies have closed doors and the larger ones are on very hard times. Our 90 day recievable column looks like our 30 day used to 2 years ago.
As a former federal contractor, I'm comfortable in saying that perhaps some good will come from a shutdown; some of the most talented federal employees will realize that public service is not for them and leave their heretofore secure but predictable jobs and try their hand at entrepreneurship, spurring job creation over the long term.
Unfortunately most of them will fail, and the hangers-on to government employment aren't likely to be as industrious or creative as the ones the government will lose.
If it makes you feel better, the congress will still get paid $174k/head plus medical, retirement, and other benefits over the duration of the shutdown.
I've never heard so many people overtly in favor of the government actually shutting down as this time.
Reminds me of a Simpsons episode:
(Homer is driving like a maniac with his whole family in the car)
Marge: "You'll kill us all!"
Homer: "Or die trying!"
Because housing construction was it's highest ever in Albuquerque in the past 10 years. It all really does not make sense.
Housing construction has slowed to a crawl in the past few years after that boom in the middle part of the last decade. I don't see how that contradicts anything. If anything many of those lost jobs are construction workers who no longer have new home construction to find work through.
Housing construction has slowed to a crawl in the past few years after that boom in the middle part of the last decade. I don't see how that contradicts anything. If anything many of those lost jobs are construction workers who no longer have new home construction to find work through.
From 2000-2006 More houses we're built in Albuquerque than EVER, In it's history. So contradicting anything? hmmm.
Anyway, Probably is construction workers.
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