NM finally makes the top10; 25 US states at risk of losing the most jobs

A recession seems to be on the horizon as more and more businesses have to lay off workers and close their doors temporarily due to the novel coronavirus outbreak. Goldman Sachs predicted a record number of 2.25 million claims for unemployment next week. Some US states could be prone to being hit harder by the economic chaos than others. The Economic Policy Institute recently shared their analysis of predicted job losses in every state by this summer. They used state employment data from the US Bureau of Labor Statistics and forecasts from two Wall Street banks. EPI reported that Goldman Sachs forecasts 3 million jobs lost by June, and Deutsche Bank projects 7.5 million jobs lost by this summer.  EPI used the midpoint of the two investment bank projections, 5.25 million, to forecast the number and share of job losses in the private sector in each state. Their analysis also factored in the share of employment in each state in the leisure, retail, and hospitality industries, as they predict these sectors will be hit the hardest in the upcoming months...MORE

10. New Mexico is projected to have private sector employment decline by 4.34%, with an estimate of 29,016 jobs lost.  

Share of state employment in the leisure, hospitality, and retail industries: 28.2% 

One reason for our vulnerability is NM's buying in to Senator Martin Heinrich's all out effort to change us to a recreation economy.