According to a new report from a group called Economic Modeling Specialists, Albuquerque has been the 2nd least competitive metro area since 2010. The report relies on a concept called “shift share” with which I was not previously familiar and I’m not sure that the report effectively describes the economic reality in Albuquerque, but it is most definitely relevant that we were ranked 99th out of 100 metros.
Richard Florida has an article about this at The Atlantic.
The same outfit did an analysis of the 50 states recently and New Mexico did not fare especially well in that either. Not surprisingly, Texas ranked highly.