Saturday, July 21, 2012
Once Again New Mexico Posts Worst Job Losses In West
From ProgressNow NM:
3,800 fewer workers on payrolls in June, 7,400 fewer than April.
Numbers just released from the US Department of Labor show that New Mexico again lost jobs in June –with 3,800 fewer New Mexicans on payrolls in June 2012 than May 2012, and still 2,100 fewer than a year ago.
“New Mexico, Vermont, and Wisconsin experienced the largest over-the-month percentage declines in employment” according to the BLS release. Other Western states added 65,000 jobs last month.
While New Mexico’s unemployment rate dropped slightly since last month, the civilian labor force also shrunk by 4,000 people, an indicator that many New Mexicans have simply given up on finding work.
June’s decline in employment continues a trend that ProgressNow NM has been chronicling for months. New Mexico has seen three straight months of job loses – and three straight months of having the worst job growth in the West.
Since April, New Mexico has lost 7,400 jobs.
“The administration in Santa Fe doesn’t seem to have a jobs plan,” says Pat Davis, Executive Director of ProgressNow New Mexico, a public interest watchdog group. “They won’t even talk about jobs and we are living the consequences.”
According to the governor’s website, she has issued just one news release relating to new jobs in the past two months, while making 29 political appointments. And the consequence is that fewer New Mexicans are working.
Read more at ProgressNowNM.org/blog
Republicans block Bring Jobs Home Act, protecting companies that outsource jobs.
Senate Republicans filibustered the Brings Jobs Home Act Thursday. The bill, which would eliminate incentives for companies to move jobs overseas and create incentives to bring jobs to the United States from overseas, was blocked by 42 Republicans; Scott Brown and Olympia Snowe voted with Democrats to advance it.
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.
Posted by: qofdisks | Jul 21, 2012 3:51:25 PM