News

Fresh signs of life point to resiliency of Permian Basin
January 3, 2021
The lack of improvement in the job numbers could be because oil companies are shifting away from labor-intensive production, meaning fewer workers may be needed to produce the same amount of oil, said Michael O’Donnell, acting director of the University of New Mexico’s Bureau of Business and Economic Research.

Michael O’Donnell named Acting Director of UNM’s Bureau of Business and Economic Research
December 10, 2020
Michael ‘Mo’ O’Donnell has been made Acting Director of The University of New Mexico’s Bureau of Business and Economic Research. He is temporarily taking the reins at the request of current director Jeff Mitchell.

Working 4 the Future: Training New Mexico’s Workforce
December 7, 2020

Council to vote on paid leave proposal
December 4, 2020

The Economic Opportunities and Challenges of Uranium Mine Cleanup in New Mexico
November 23, 2020
New Mexico was a principal site of uranium mining in the US from the 1940s until the collapse of demand in the 1990s. Much of the mining activity was in northwestern New Mexico, on and neighboring Native American tribal lands, particularly those of the Navajo Nation. A legacy of uranium mining is severe environmental contamination, including approximately 1100 mining, milling, and exploratory drilling sites in northwest New Mexico, as well as extensive groundwater contamination. Native, especially Navajo, communities have suffered the majority of the consequences of this contamination. Native populations, many of whom were employed in uranium mining operations, also suffered severe economic dislocation following the collapse of the industry. Significant measures to address the environmental impacts of past uranium mining have emerged only recently. Remediation has been complicated by the difficulty of identifying the parties who are legally responsible for the environmental damage, as control of mining operations and attached leases frequently changed hands during repeated cycles of boom and bust. Moreover, processes necessary to fund and oversee remediation work have been established only over the past two decades. A hopeful development was the 2015 Tronox settlement, under which the US Environmental Protection Agency (EPA) secured more than $1 billion to fund the cleanup of 56 sites on or near territory of the Navajo Nation, including the Quivira mine sites and the Shiprock Uranium mill site in northwestern New Mexico.

Report: Uranium waste cleanup could spur new industry
October 26, 2020
A new report from the University of New Mexico Bureau of Business and Economic Research says the state could use money from a nearly $1 billion federal mining settlement awarded to the Environmental Protection Agency to jump-start a new industry focused on environmental cleanup.

Unemployment claims climb in New Mexico while dropping across nation
August 14, 2020
“Continuing claims offer a more accurate and balanced account of the labor market, as it reflects not only persons seeking unemployment insurance but also persons who have found work and are no longer receiving unemployment insurance,” said BBER Director Jeff Mitchell.

New Mexico jobless claims increase 27 percent
July 29, 2020

NM Economic Census Data July 22 at 1:00
July 22, 2020
Presentation on the US Census Bureau data release for NM from the Economic Census.

UNM financial expert says state could see 165,000 new unemployment claims
July 16, 2020

Experts: NM to face long-lasting economic pain
July 15, 2020
SANTA FE — The economic damage inflicted by the coronavirus pandemic is likely to reshape New Mexico’s economy for years, killing smaller companies and expanding the gap between high- and low-wage earners, university researchers told lawmakers Wednesday.

Is NM’s unemployment rate reason to hope?
July 6, 2020
BBER Director Jeff Mitchell answer's questions from Albuquerque Journal's Stephen Hamway about New Mexico having been spared from the worst of the downturn, or is this another instance of delayed economic pain and a long road toward recovery?

What COVID-19 Means For State's Economy, Students Collect And Distribute PPE
May 15, 2020
"We think it’s important to put out a range of scenarios because people are trying to plan and it’s important not only to have the very optimistic but also a more sober view of the worst case scenario," said BBER Director Jeff Mitchell.

BBER releases New Mexico Economic Snapshot
May 4, 2020
The UNM Bureau of Business and Economic Research (BBER) just released its 2020 second quarter economic forecast for the state, outlining impacts of unemployment, plunging oil prices and an economy on pause.

UNM Bureau of Business and Economic Research finalizes state economic forecast
April 27, 2020
UNM’s Bureau of Business and Economic Research is finalizing an economic forecast for New Mexico. The forecast will help guide lawmakers to rework the state budget in a special session this summer after oil prices dropped to historic lows.

Pandemic rocks Permian Basin as wells, rigs idled and workers laid off
April 18, 2020
Jeffrey Mitchell, director of the Bureau of Business and Economic Research, estimated the number of direct jobs in the industry will fall by 30 percent by the end of this year and will bottom out at around 38 percent by the middle of 2021.

UNM IT provides essential foundation for remote work, learning
April 16, 2020
UNM Chief Information Officer Duane Arruti recently completed an in-depth interview with Enchanting Economics in New Mexico, the podcast produced by the UNM Bureau of Business and Economic Research.

UNM's BBER launches tool that tracks COVID-19's economic impact
April 6, 2020
The tool is called the economic dashboard and is intended to give critical data on New Mexico's economic trends during the pandemic.The collected data includes information on statewide infections, oil and gas production and unemployment figures.

BBER Podcast and dashboard look at economic impact of COVID-19
April 2, 2020
The UNM Bureau of Business and Economic Research (BBER) is rolling out a new interactive dashboard and podcast, just in time to entertain and educate people stuck at home during the COVID-19 quarantine.

Virus thrusts new economic challenges upon New Mexicans
March 21, 2020
Major government intervention “without a doubt” will be needed..."The question is: How effective will government be in providing support for them to survive?” said BBER director Jeff Mitchell to the Santa Fe New Mexican.