LAST WEEK WE TOLD YOU THAT NEW MEXICO SHOULD HAVE MORE THAN A BILLION DOLLARS IN NEW MONEY WHEN LAWMAKERS PUT TOGETHER THE NEXT BUDGET. UNM ECONOMIST JEFF MITCHELL TELLS NEWSRADIO KKOB THAT SHOULD BE A BOOST TO NEW MEXICO’S ECONOMY OVERALL. IT MEANS THE STATE WILL BE ABLE TO SPEND A LITTLE MORE AND HIRE MORE PEOPLE.
MITCHELL SAYS THE PRIVATE SECTOR OF THE ECONOMY HAS BEEN DOING PRETTY WELL LATELY. HE SAYS THE STATE’S SUB-PAR JOB GROWTH IS MOSTLY DUE TO JOB LOSSES IN THE GOVERNMENT SECTOR.
