Speaking of stimulus funds, a new report warns that New Mexico’s share is running out and unemployment could remain high for another four or five years. Gerry Bradley, who authored the report for the New Mexico Voices for Children, discussed the gloomy outlook on a recent KVOT “Breakfast with Nancy” show.
He pointed out that funds from the Recovery Act have helped stabilize New Mexico’s economy. However, with stimulus funds expected to run out early next year, the State does not have the wherewithal to stimulate its own economy. Unemployment is currently at 8.6 percent in New Mexico and the State had the third-worst job loss numbers in the country for June of this year.