09.08.2010 0

Recovery Summer and Stimulus: New Mexico

Continuing on the Recovery Summer and Stimulus: State by State, we head to New Mexico.

Quick New Mexico facts:

  • In January of 2009, the unemployment rate in New Mexico was 5.9%. As of June 30, 2010, the unemployment rate was 8.2%–a net increase of 2.3%! (Source: Bureau of Labor Statistics)
  • According to Recovery.gov, New Mexico has received 2,676 awards. This has resulted in $2,294,852,482 being spent to create/save 6,228.29* jobs (Source: Recovery.gov)
  • As of June 2010, the labor force in New Mexico has decreased by 20,561 people since January of 2009. While the labor force has decreased, unemployment has increased . (Source: Bureau of Labor Statistics)
  • According to the Recovery Summer Map, New Mexico boasts only 1 “Summer of Recovery” projects!
  • The number of people employed in New Mexico has fallen by 22,440 people! (Source: Bureau of Labor Statistics)
  • The Obama administration projected the change in jobs by December 31, 2010 to be +22,000 jobs. To date, New Mexico has lost 25,000 jobs. (Source: Ways & Means Republicans)

The employment trend in New Mexico has been one of the worst in the nation. Employment plummeted over the course of 2009, and when a slight “recovery” began to be noticed in March of 2010, it quickly faded and the employment level in New Mexico is now the worst it has ever been since Obama took office. (Source: Bureau of Labor Statistics)

Has the Recovery Act done anything for New Mexico? No.

Has “Recovery Summer” done anything for New Mexico? No.

For a state that gave all of its electoral votes to Obama in 2008, one would expect much different results from Obama’s “stimulus” package. The reality of the failure of the “Recovery Act” is stark, and there is no better example for this failure than in New Mexico. The “Summer of Recovery” never even started in New Mexico, as employment levels have fallen to the lowest point since Obama took office in January of 2009.

Read more on Recovery Summer and the Stimulus Effects on States.

*: The number of jobs created/saved conflicts with other government sources on Recovery.gov. This number was pulled from the latest figured offered on Recovery.gov

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