Econometric prediction accuracy for personal income forecasts is examined for a region of the United States. Previously published regional structural equation model (RSEM) forecasts exist ex ante for the state of New Mexico and its three largest metropolitan statistical areas: Albuquerque, Las...

Economic conditions remain healthy in the borderplex. That assessment is reflected by growth in output, business receipts, and personal incomes. Greater numbers of jobs allow the El Paso unemployment rate to trend downward as the local labor market strengthens. Although consumer indebtedness...