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Watching the Economy Using the Tools in the Toolbox

Watching the Economy Using the Tools in the Toolbox. Kevin Kargacin New Mexico State Data Center UNM Bureau of Business & Economic Research kargacin@unm.edu 505-277-3038. Using the Tools in the Toolbox. Tracking the trends What is the geography and time frame? What are my options?

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Watching the Economy Using the Tools in the Toolbox

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  1. Watching the EconomyUsing the Tools in the Toolbox Kevin Kargacin New Mexico State Data Center UNM Bureau of Business & Economic Research kargacin@unm.edu 505-277-3038

  2. Using the Tools in the Toolbox • Tracking the trends • What is the geography and time frame? • What are my options? • Is there more? • What are the final products?

  3. Using the Tools in the Toolbox State and MSAs Overview Broad coverage • Economy as a whole • All major sectors Current, consistent and long time series Monthly or quarterly

  4. Using the Tools in the Toolbox State and MSAs Data options for a current overview of the economy State 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)

  5. Using the Tools in the Toolbox State and MSAs Detailed 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)

  6. 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)

  7. Using the Tools in the Toolbox State and MSAs Sources 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.

  8. Using the Tools in the Toolbox • Sources 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.

  9. Using the Tools in the Toolbox Counties Overview Broad coverage • Economy as a whole • All major sectors Current, consistent and long time series Monthly or quarterly

  10. Using the Tools in the Toolbox Counties Data options for a current overview of the economy State LMI agencies/BLS data • QCEW employment and wage data • Local Area Unemployment Statistics (LAUS) LED data

  11. Using the Tools in the Toolbox Counties Detailed 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)

  12. Using the Tools in the Toolbox State, MSAs and/or counties Products • 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)

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

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