NEW MEXICO ECONOMIC INDICATORS
4th Quarter 2000
		New Mexico	Albuquerque	Las Cruces	Santa Fe
Total Employment
2000 (preliminary)		794,289	356,999	65,984	73,670
Growth Rate		3.9%	4.8%	4.7%	3.7%
Unemployment Rate
2000 (preliminary)		6.1%	3.7%	7.5%	2.9%
Gross Receipts from Retail Trade - 2000		$18,433,196	$7,443,848	$1,054,578	$1,804,458
Growth Rate		16.9%	11.7%	5.4%	10.4%
[Note: The large increase in retail sales may be partly the result of reporting errors.]
Housing Permits
2000(preliminary)		8,740	4,756	1,017	591
Growth Rate		-10.0%	-10.5%	10.5%	-35.7%
Single Family		8,037	4,646	765	430
Growth Rate		-6.5%	-5.7%	1.2%	2.1%
Multifamily		703	110	252	161
Growth Rate		-37.3%	-71.4%	53.7%	-67.7%
Population
2000 Census		1,819,046	n/a	n/a	n/a
1990 Census		1,515,069
Per Capita Income
1998		$21,164	$24,842	$16,599	$20,375
Rank			146th	314th	48th

OTHER INDICATORS
1999 Per Capita Personal Income
New Mexico	$21,853	3rd lowest
Rocky Mountain Region	$27,072
United States	$28,542
Western Consumer Price Index(CPI-U)
1999	168.9	2.7%
2000	174.8	3.5%
Jan 2001 YTD	178.3	4.3%

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1998 Gross State Product - New Mexico	Nominal		Inflation Adjusted
			(Chained 1996 $s)
Total	$47.7B		$48.6B
Agriculture, forestry and fishing	2.0%		2.3%
Mining	7.0%		8.2%
Construction	4.5%		4.1%
Manufacturing	16.0%		19.1%
Transportation and utilities	7.7%		7.2%
Wholesale Trade	4.4%		4.7%
Retail Trade	9.4%		9.4%
Finance, insurance, real estate	13.4%		12.6%
Services	18.3%		16.6%
Government	17.3%		16.2%

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NEW MEXICO ECONOMY AT A GLANCE
February 2001
Key Indicator			Direction		Assessment
Employment			Up		Strong
Unemployment Rate			High		Bad
Gross Receipts			Up		Very Strong
Mortgage Rates			Flat		Remain Low
Housing Permits			Down		Bad
U.S. Inflation			Rising		Bad
OVERALL RATING			Up		Very Slow Growth

Prepared by: The Adams Group, Inc., Dr. Tucker Hart Adams, President
and Senior Fellow of the New Mexico Independence Research Institute
(303) 329-9218 or tuckhadams@aol.com