Report says ABQ may be in ‘double-dip recession’

ALBUQUERQUE (KRQE) – No city in America is having a harder time getting over the recession of five years ago than Albuquerque.

The Brookings Institution, a prestigious national research firm, said Wednesday Albuquerque may be the only city of hundred largest in the U.S. that’s in a “double-dip recession”.

The report pointed to the Albuquerque area losing more jobs than it’s gained in the past year.

On top of that the jobs coming in are not as good as the jobs the city is losing.

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