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Tag Archives: great recession

US exports fell in 2015 for first time since recession

FILE - In this Friday, Jan. 29, 2016, file photo, an Icelandic cargo ship is loaded with containers in Portland, Maine. On Friday, Feb. 5, the Commerce Department reports on the U.S. trade gap for December. (AP Photo/Robert F. Bukaty, File)

WASHINGTON (AP) — The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed to the first annual drop in U.S. export sales since the Great Recession shrank global trade six years ago. The December deficit increased 2.7 percent to $43.4 ...

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Great Recession: NM not quite out of the woods

New Mexicans are still hurting from the Great Recession, the Albuquerque Business Journal reports. A new study from the Department of Workforce Solutions found that employment has struggled to catch up since bottoming out in early 2010. These residual impacts have manifested in layoffs, reduced wages and shorter work weeks. The study collected data from employer surveys between January of ...

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Oil bust a double whammy for San Juan

New Mexico Oil Well

Until oil prices collapsed last fall, oil exploration in the Mancos shale in the San Juan Basin was the one bright spot in an otherwise dismal situation in the Four Corners region. San Juan County, where New Mexico’s natural gas production is concentrated, has never really emerged from the Great Recession because natural gas producers are still earning a fraction ...

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Local consumers pumped up

Sales activity in Pueblo rose for a second straight month in February. Helped by lower gas prices, sales were up 7.7 percent from February 2014 as consumers spent more on restaurants, cars, hotels and home improvements, based on sales tax data released this week by the city of Pueblo. For the first two months of the year, sales were 6.7 ...

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Why job growth and cheap gas aren’t doing what they should

WASHINGTON — Steady hiring is supposed to fire up economic growth. Cheap gasoline is supposed to power consumer spending. Falling unemployment is supposed to boost wages. Low mortgage rates are supposed to spur home buying. America’s economic might is supposed to benefit its workers. Yet all those common assumptions about how an economy thrives appear to have broken down during ...

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Wyoming’s middle class shrinks least in nation

CHEYENNE — Wyoming lost some of its middle class and jobs because of the Great Recession — but its losses were the smallest in the nation, a research organization says. A report by Stateline, a journalism project for the Pew Charitable Trusts, found that 51.2 percent of Wyoming resident were considered to have middle class incomes in 2013, as opposed ...

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U.S. adds surprisingly strong 295,000 jobs, but wage growth slows


U.S. employers shook off some severe winter weather and added a surprisingly strong 295,000 net new jobs in February while the unemployment rate fell to a post-Great Recession low of 5.5%, the Labor Department said Friday. The jump in job creation exceeded economists’ forecasts and was an improvement over January’s 239,000 jobs. But the increase was offset somewhat by a ...

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