Job Growth: April

New Mexico’s year-over-year job growth rate bumped up to 1% in April, up from 0.6% in March and even lower in January and February. One data point is never a trend, so we’ll have to wait to see if a recovery is beginning from the state’s 21-month drop in job growth. An encouraging note is that the primary driver of the New Mexico economy, namely the national economy, seems to be holding its own.
Albuquerque’s April to April job growth was 0.7%.
Las Cruces grew 1.7%.
Santa Fe grew 0.9%.
Farmington was up 3.9% with a 2,000 job increase that was 24% of the state’s growth during the April 2007 to April 2008 year.