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.
This month’s job report from the Bureau of Labor Statistics is terrible news. Unemployment remains unchanged at 9.2 percent and 14.1 million people unemployed, and a mere 18,000 jobs were added this month. 39,000 government jobs were lost, and 14,000 of those were federal government jobs.
The U-6 rate, a broader measure of underemployment and discouraged workers, is at 16.2 percent. The employment-population ratio declined 0.2 percent to 58.2 percent. The government revised its figures for April and May to say that 44,000 fewer jobs were created.
It was also a bad month for those employed — the average workweek declined by 0.1 hours to 34.3 hours, and average hourly earnings decreased by one cent to $22.99 per hour. High unemployment is having a downward pressure on wages.
There aren’t any good signs in this report for recovery — private sector job growth is far too slow to keep up with population growth and the unemployed, the government continues to shed jobs, fewer adults are in the workforce, and the employed are making less.
