Labor Day rightfully honors the contributions workers have made to the well-being of the nation.
Locally, businesses and workers have been through a lot since the Great Recession of 2007-09. As usual, New Mexico’s economy declined, and has started to rebound, slower than the rest of the nation.
But it is indeed rebounding, albeit slightly. Still, that is good news for local employees, employers and residents who depend on a healthy economy.
For example, the number of jobs in Albuquerque bottomed out at just under 364,000 in December 2011 – more than a year after the National Bureau of Economic Research said the recession bottomed out. Since then, there’s been slow growth in jobs, hitting nearly 392,200 jobs in July, according to preliminary numbers. The pre-Great Recession high was 402,000 jobs in November 2007.