NMSU Business Outlook: April 2012

Recovery from the Recession: How is New Mexico doing?

Christopher Erickson

As is often stated, the current business cycle is the most severe since the Great Depression. This is not too surprising, as the current cycle is the first cycle since the 1930s associated with a financial crisis. Evidence indicates that recovery from a recession associated with a financial crisis takes roughly twice as long as recovery from a recession not associated with a financial crisis.

Complete Article: Recovery from the Recession: How is New Mexico doing?

Consumer Well-Being, Job, and Life Satisfaction: The Case of College Professors

Gerald M. Hampton, Professor of Marketing, Department of Marketing, NMSU; and Robin T. Peterson, Professor of Marketing, Department of Marketing, NMSU; Marco Wolf, Assistant Professor of Marketing, Department of Marketing, USM

Marketers’ raison d’être is the belief that people are born to be consumers. This tenet is fundamental to the marketing discipline. Marketing managers develop and implement activities to enhance the process of consumption. On the other hand, those in the management discipline assert that individuals live to work. Work absorbs a large portion of most people’s time. For some it is the most important element in their life. In this regard, how people view their job or work affects how they feel about themselves and their self-worth. this paper sets forth the results of an overview of the links between consumer well-being, job satisfaction, and life satisfaction using as a sample a university professor.

Complete Article: Consumer Well-Being, Job, and Life Satisfaction: The Case of College Professors

Talking Points

Christopher A. Erickson and James Libbin

The pattern seen for the last year continues in Las Cruces. After an upward revision in data for last year, this year’s data seem to indicate very slow growth or even a small decline in employment. One suspect that this slow growth/small decline may be an artifact of the upward revision in 2011 data rather than a true reflection of economic activity.

Complete Article: Talking Points


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