Watching the EconomyUsing the Tools in the Toolbox

Kevin KargacinNew Mexico State Data Center

UNM Bureau of Business & Economic Research

kargacin@unm.edu505-277-3038

• Tracking the trends• What is the geography and time

frame?• What are my options?• Is there more?• What are the final products?

Using the Tools in the Toolbox

State and MSAs

OverviewBroad coverage• Economy as a whole• All major sectors

Current, consistent and long time seriesMonthly or quarterly

Using the Tools in the Toolbox

State and MSAsData options for a current overview of the

economyState LMI agencies/BLS data (state & MSAs)• Current Employment Statistics (CES) (state and

MSAs, but sector coverage varies)• Quarterly Census of Emp. & Wages (QCEW) for

wages• Local Area Unemployment Statistics (LAUS)

BEA data (state)• Personal income and components• Wages or Earnings by sector

LED data (state & MSAs)

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State and MSAsDetailed topics for select sectors

Agriculture• Cash receipts and milk production (state)

Mining• Quantity and value of production—oil,

natural gas and coal (state)Construction

• Permits and projects (state and selected areas)

Retail Trade• Sales (state & MSAs)

Using the Tools in the Toolbox

Using the Tools in the Toolbox

• Detailed topics for select sectors (continued)

Real estate and rental and leasing• Home sales (selected areas only)

Tourism related• Hotel occupancy (state & selected areas), lodgers tax (state & selected areas), park visits (state), restaurant sales (state & MSAs), airport passenger traffic (Albuquerque)

Government• General fund receipts (state)

State and MSAsSources for detailed topics

Agriculture• US Dept. of Agriculture, National Ag. Stats. Service

Mining• US Dept. of Energy, Energy Info. Admin.; NM Taxation & Revenue Dept.

Construction• Census Bureau and local permit issuing places; McGraw Hill, Dodge Local Const. Potentials Bulletin

Retail Trade• NM Taxation & Revenue Dept.

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Using the Tools in the ToolboxSources for detailed topics (continued)Real estate and rental and leasing

• National Association of Realtors & local boards of realtors

Tourism related• Rocky Mountain Lodging Report; NM Dept. of

Finance & Admin.; US Dept. of Interior, National Park Service; NM Energy, Minerals and Nat. Res. Dept., Parks Division; NM Taxation & Revenue Dept.; and City of Albuquerque

Government• NM Dept. of Finance & Admin.

CountiesOverview

Broad coverage•Economy as a whole•All major sectors

Current, consistent and long time seriesMonthly or quarterly

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CountiesData options for a current overview of the

economyState LMI agencies/BLS data• QCEW employment and wage data• Local Area Unemployment Statistics (LAUS)

LED data

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CountiesDetailed topics for select sectors

Mining• Quantity and value of production (oil & gas

cos.)Construction• Permits and projects (selected areas)

Retail Trade• Sales (all counties)

Real estate and rental and leasing• Home sales (selected areas)

Tourism related• Hotel occupancy, lodgers tax, park visits,

restaurant sales (all for selected areas)

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State, MSAs and/or countiesProducts

• Quarterly data for the business weekly newspaper (state, MSAs & selected areas)

• Biannual data for the daily newspaper (state, Albuquerque City & Albuquerque MSA)

• Monthly data for the BBER statistical newsletter (state, MSAs & selected areas)

• Quarterly data tables and maps for the BBER web site (state and counties)

• Annual data for the BBER statistical newsletter supplement (state, MSAs & selected areas)

• Forecasting model (state and MSAs)

Using the Tools in the Toolbox

http://bber.unm.edu/bber_cei.html