Tuesday, December 20, 2011

Wage Jobs Increase a Little

On a seasonally adjusted basis, New Mexico’s decline in unemployment rate—2.1 percentage points—led the nation for the year from November 2010 to November 2011, according to Bureau of Labor Statistics (www.bls.gov) figures released today. Florida was second with a 1.9 point drop.

Wage job totals are up in New Mexico over the past year, not enough to be statistically, but less statistically insignificant than a few months ago.

Statistically significant seasonally adjusted changes in employment, all of them increases, came in 25 states. New Mexico was not in the group. Nor did New Mexico make the group of 13 with statistically significant employment changes from October to November.

The labor force in New Mexico has increased by 5,000 since September. As of November, the labor force showed a 19,900 drop to 935,900. Unemployment in the state, steady at just over 61,000 the past three months, is down 21,100 since November 2010.

The seasonally adjusted statewide wage job total was 804,600 for November, flat since September, and up 6,600 year over year. The increase since November 2010 is 0.83%.

Sector performance for the past November, October and September 2011 and since November 2010 includes:

Construction: 3 months, flat at around 39,500. One year, down 5,900, or 13%.
Manufacturing: Flat since November 2010 at just over 29,000.
Trade, Transportation and Utilities: 3 months, flat at just over 137,000. One year, up 3,100. (12/22: The trade performance was originally reported as a drop of 3,100. Oops.)
Professional and Business Services: 1 year, flat at about 92,500.
Education and health services: 3 months, flat at about 127,000. One year, up 6,100 or 5.1%.
Leisure and hospitality: One year, flat at about 85,000.
Government: One year, down 3,600, or 1.8%. 3 months, steady at about 196,500.

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