Economy

White House touts income growth, poverty decreases in NM
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The White House celebrated the increase of income growth and health insurance coverage along with a decrease of poverty in New Mexico between 2014 and 2015. “New Mexico has added jobs consistently and brought its unemployment rate down, though it’s still a little higher than the national average,” White House Council of Economic Advisers chairman Jason Furman said on a conference call with reporters Thursday. While New Mexico remains one of the poorest states in the nation, the new numbers from the U.S. Census Bureau show that things are trending upwards in these key indicators. Still, the growth in these areas was smaller than in other states. The median household income grew by 5.2 percent between 2014 and 2015 in the United States as a whole from $53,718 to $56,516 according to the Census Bureau numbers.