2011 – 2015 new mexico consolidated plan for housing and ...

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III. Demographic and Economic Profile Recent unemployment rates are presented in Diagram III.5, below. This diagram shows that the unemployment rate in New Mexico has not significantly improved in recent months. In fact, during the first three months of 2010, the unemployment rate slid very close to the national rate of nearly 10.0 percent before falling back to levels seen in the latter portion of 2009. 12.0 10.0 8.0 6.0 4.0 2.0 0.0 Diagram III.5 Unemployment Rate State of New Mexico vs. U.S. BLS Monthly Data 2007 - 2010 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 2007 2008 2009 2010 New Mexico U.S.A. 9.7 8.0 FULL AND PART-TIME EMPLOYMENT The Bureau of Economic Analysis (BEA) provides an alternate view of employment representing a count of both full- and part-time jobs rather than people working or seeking work. Thus, a person working more than one job can be counted more than once. These data are drawn from administrative records; thus there is somewhat of a delay in reporting the information. BEA data show that the total number of full- and part-time jobs in New Mexico increased significantly from the 1969 through 2008 time period, rising from slightly less than 420,000 to 1.1 million jobs over the 40-year time frame. The rise in jobs was even and showed little fluctuation. These data are presented in Diagram III.6, on the following page. New Mexico Draft Report for Public Review Five-Year Consolidated Plan 36 September 1, 2010
III. Demographic and Economic Profile 1,220,000 1,120,000 1,020,000 920,000 820,000 720,000 620,000 520,000 420,000 320,000 220,000 Diagram III.6 Total Full- and Part- Time Employment State of New Mexico BEA Data 1969 - 2008, 2009 Dollars 1,117,433 1969 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 EARNINGS AND PERSONAL INCOME BEA data also include estimates of earnings and personal income. When the total of earnings is divided by the number of jobs and deflated to remove the effects of inflation, the average real earnings per job is determined, as seen below in Diagram III.7. Unfortunately, average earnings per job in New Mexico have remained below national averages throughout the time period, with the gap actually increasing since the mid 1980s. In 2008, the real average earning per job in New Mexico was $43,020, $7,838 less than national real earnings per job. 55,000 50,000 45,000 40,000 35,000 30,000 Diagram III.7 Real Average Earnings Per Job State of New Mexico vs. U.S. BEA Data 1969 - 2008, 2009 Dollars 50,858 43,020 25,000 1969 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 New Mexico U.S. New Mexico Draft Report for Public Review Five-Year Consolidated Plan 37 September 1, 2010
Page 1: 2011 - 2015 NEW MEXICO CONSOLIDATED
Page 5 and 6: TABLE OF CONTENTS I. EXECUTIVE SUMM
Page 7 and 8: I. EXECUTIVE SUMMARY A. INTRODUCTIO
Page 9 and 10: I. Executive Summary national rate,
Page 11 and 12: I. Executive Summary c. Fund non-pr
Page 13 and 14: I. Executive Summary PERFORMANCE ME
Page 15 and 16: I. Executive Summary STRATEGY 3: PR
Page 17 and 18: I. Executive Summary 1. Providing f
Page 19 and 20: I. Executive Summary 2. The number
Page 21 and 22: II. CONSOLIDATED PLAN DEVELOPMENT P
Page 23 and 24: II. Consolidated Plan Development P
Page 29 and 30: III. DEMOGRAPHIC AND ECONOMIC PROFI
Page 31 and 32: III. Demographic and Economic Profi
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Page 49 and 50: IV. HOUSING MARKET ANALYSIS A. INTR
Page 51 and 52: IV. Housing Market Analysis 4.00 Di
Page 53 and 54: IV. Housing Market Analysis 18,000
Page 55 and 56: IV. Housing Market Analysis Real 20
Page 57 and 58: IV. Housing Market Analysis index i
Page 59 and 60: IV. Housing Market Analysis In term
Page 61 and 62: IV. Housing Market Analysis More re
Page 63 and 64: IV. Housing Market Analysis “Elim
Page 65 and 66: IV. Housing Market Analysis Amidst
Page 67 and 68: IV. Housing Market Analysis NEW MEX
Page 69 and 70: IV. Housing Market Analysis Income
Page 71 and 72: IV. Housing Market Analysis Table I
Page 73 and 74: V. HOUSING AND HOMELESS NEEDS ASSES
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V. Housing and Homeless Needs Asses
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VI. COMMUNITY DEVELOPMENT NEEDS ASS
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VI. Community Development Needs Ass
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VII. STRATEGIC PLAN A. OVERVIEW OF
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VII. Strategic Plan OBSTACLES TO ME
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VII. Strategic Plan 2. Funding resi
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VII. Strategic Plan 3. Providing em
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VII. Strategic Plan related service
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VII. Strategic Plan Increase the nu
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VII. Strategic Plan 3. The number o
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APPENDIX A: CITIZEN PARTICIPATION P
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Appendix A: Citizen Participation P
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APPENDIX B: ANALYSIS OF IMPEDIMENTS
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Appendix B: Analysis of Impediments
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APPENDIX C: ADDITIONAL PLAN DATA Ye
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Appendix C. Additional Plan Data Ta
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Appendix C. Additional Plan Data In
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APPENDIX D: PUBLIC INVOLVEMENT PROC
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Appendix D. Public Involvement Proc
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APPENDIX E: GLOSSARY Accessibility
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Appendix E: Glossary regulations do
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Appendix E: Glossary Homeless Subpo
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Appendix E: Glossary Person with a
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Appendix E: Glossary For projects o
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