Since the recession began four years ago there has been a steady growth in the number of people who are unemployed in Albuquerque. This is not to say that the effect of the recession is not being felt everywhere, but the numbers that have been produced have been staggering.
Consider some of these facts when you are looking at what it is that is happening here:
· It has gone from 13,000 unemployed in 2007 to over 25,000 in 2011. This is almost double.
· From 2007 to 2011, 9,900 jobs have been lost in the city.
· 26 percent of manufacturing jobs have been lost since 2007.
· There have been 7,000 jobs lost in construction alone in that 4 year period.
· In total over 30,000 jobs have been lost in the region since 2007.
Consider all of those staggering numbers and then think to yourself, what is going to happen next.
From what has been seen and what has been predicted the future is not looking to get any better anytime soon. The country appears to be heading into another swoon and that means that even more jobs could be lost and that even more people could be facing an economic downturn.
With the lack of job growth and the constant loss of existing opportunities it is easy to see that this city is hoping for any type of recovery in order to start to get back up. There are many different places where hope for improvement could occur, it is just not happening yet.