Economic Indicators
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
Economic Indicators
Energy Indicators
Oil and gas executives expect the rig count to remain at current levels at the start of next year. Exploration and production (E&P) firms—especially the smaller ones—are preparing to see higher well completion and drilling costs in 2024.
November 08, 2023
Economic Indicators
Energy Indicators
Resilient demand and constricted supply due to OPEC+ production cuts will leave crude oil balances in a deficit for the remainder of the year, even with continually increasing U.S. production.
October 05, 2023
Special Report
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
Economic Indicators
Energy Indicators
The annual U.S. Energy and Employment Report (USEER) from the Department of Energy shows solar dominated electricity generation employment in 2022 and petroleum lead fuels employment.
August 16, 2023
Economic Indicators
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
Economic Indicators
Energy Indicators
Oil and gas executives expect West Texas Intermediate (WTI) crude oil to end the year as high as $80 a barrel. Employment growth in the oil and gas sector is increasing at a slower rate compared with last year’s period of heightened energy prices, but it is still at robust levels.
July 13, 2023
Economic Indicators
Energy Indicators
Oil prices were affected little by Saudi Arabia’s decision to cut 1 million barrels a day (mb/d) in July. Crude and other liquids inventories in developed nations have been declining over the past year but are expected to rise through the end of 2024.
June 16, 2023
Economic Indicators
Energy Indicators
In a surprise move at the beginning of the month, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a voluntary reduction in production quotas of nearly 1.7 million barrels per day (mb/d).
May 25, 2023
Economic Indicators
Energy Indicators
In a surprise move at the beginning of the month, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a voluntary reduction in production quotas of nearly 1.7 million barrels per day (mb/d).
May 17, 2023