ABQ economy 90th worst out of top 100 metro areas

The bad news keeps rolling in for the Albuquerque metro area's economy.

Between 2015 and 2016, the area had the 90th worst economy of the nation's 100 largest metro areas, according to the Brookings Institute's latest Metro Monitor report.

In that year, the area's gross metro product grew by a measly 0.3 percent, and hiring by companies less than five years old decreased by 2.5 percent. Overall, the number of jobs grew by 1.8 percent, but wages decreased by 0.3 percent.

The area had negative growth rates in three areas that are linked to overall prosperity: productivity, -1.5 percent; average wage, -0.3 percent; and standard of living, -0.2 percent.

If there was any good news in the Brookings report it was that Albuquerque didn't have the worst economy in the area. Tucson had the 93rd worst economy, and Oklahoma City placed 98th.

Albuquerque has yet to regain all the jobs it lost during the recession. It means that there were more jobs here 10 years ago than there are now.

Independent Journalism

I've been a reporter, writer and editor for 37 years. I'm dedicated to honest, fair and hard-hitting reporting. I'm not conservative or liberal, but am just a reporter who tries to get to the truth at any given point in time. I don't believe in pulling punches or being a lap dog because that serves no one. A free and aggressive press is essential to human liberty. That's why the Founding Fathers put a free press in the Constitution. So on this site you'll get a variety of news, fearless opinion, analysis, humor, satire and commentary. It's kind of like a free-for-all. My motto is "Without fear and without favor."  But good journalism takes time and money, so I hope you will contribute what you can to these efforts by clicking on the "Donate" button above. I could use your help. Thanks, Dennis Domrzalski.

  • Facebook Social Icon
  • Twitter Social Icon
  • Google+ Social Icon

Also Featured In

    Like what you read? Donate now and help me provide fresh news and analysis for my readers   

© 2023 by "This Just In". Proudly created with Wix.com