Southern New Mexico Economic Indicators
Economic activity was sluggish in Las Cruces in the third quarter. Employment was flat, and unemployment continued to rise. Hourly earnings slid further continuing a pattern since early 2023.
November 05, 2024
Agricultural Survey
Bankers responding to the third-quarter agricultural survey reported weaker conditions across most regions of the Eleventh District.
September 23, 2024
Old oil fields reimagined as lithium sources
The Smackover Formation, extending broadly from East Texas to Florida, is ground zero in the effort to produce lithium from oilfield brines.
September 20, 2024
Southern New Mexico Economic Indicators
Employment in Las Cruces grew above trend in the second quarter; however, unemployment ticked up in June and was higher than the state and nation. Growth in median home prices and apartment rents has subsided, but prices remain high.
August 30, 2024
Southern New Mexico Economic Indicators
Southern New Mexico’s economy grew robustly through April, exceeding both the state and the nation. Employment expanded at a stronger pace than the state and nation, while the unemployment rate ticked down to 4.3 percent in March.
May 31, 2024
Funding to address broadband gaps in the Eleventh District
This article examines Infrastructure and Investment Jobs Act funding distribution in Texas, Louisiana and New Mexico.
May 20, 2024
Southern New Mexico Economic Indicators
Las Cruces’ economy rebounded in fourth quarter 2023 after weakening in the third. Employment grew broadly, and the unemployment rate held steady. Hourly earnings declined in Las Cruces and New Mexico in 2023.
February 15, 2024
Southern New Mexico Economic Indicators
The Las Cruces economy was weak in the third quarter. Employment fell broadly, and the unemployment rate increased. Home listings surged, but home prices were little changed.
November 15, 2023
Texas, Louisiana and New Mexico laying groundwork for greater internet connectivity
While the digital divide is wide in poor and more isolated areas of Texas, Louisiana and New Mexico, concerted efforts are taking shape across the region to close it.
August 23, 2023
Southern New Mexico Economic Indicators
The Las Cruces economy grew moderately in the second quarter. Total nonfarm employment increased, but unemployment edged up.
August 10, 2023