I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
A report by payroll processor ADP shows there were only 20,000 private sector job losses in February, whereas there were 60,000 in January. Another report shows planned lay-offs by U.S. firms declined in February to the lowest level seen since July 2006. These numbers are in advance of Friday’s non-farm labor report, which analysts predict will show 50,000 jobs lost economy wide.
The larger prediction of nonfarm job losses is in expectation that the severe weather that gripped huge swathes of the country in February will have led to job losses.
“The employment story is about the weather. Everybody is wondering how much weather impact there will be on nonfarm payrolls. Unfortunately this is where some of the differences between the ADP report and nonfarm payrolls come to light,” said economist Zach Pandl of Nomura Securities to Reuters.
And while a uptick in the stock market was attributed to the ADP news, other analysts were less enthusiastic.
“It is better than expected, though still negative. We’re still not hiring and so far it looks like the data has had little impact on futures. I guess I see it as a non-event, just more of the same. Its still a decline, and until we start hiring I don’t think we’re going to see improvement. We still have deterioration, just not at a rate we were expecting,” a senior equity manager for National Penn Investors Trust Company, Terry Morris, told Reuters.
