Friday, April 27, 2012

Santa Fe, Las Cruces Add Jobs. Albuquerque and Farmington Don't.

Though wage employment gained 200 during March in metro Albuquerque over February, the decline was 700 from March 2011. March was the fourth consecutive month during which wage jobs have dropped from the previous year, the Department of Workforce Services said today in the Labor Market Review newsletter.

The year-over-year job change percentage rate in four-county metro Albuquerque has ranged around zero for 14 months. The greatest rate of increase for the period has been 0.5% with a 0.3% decline the lowest.

Government drove the Albuquerque decline with a 1,000-job loss. The private sector added 300 jobs. Local government lost 800 jobs for the March-to-March year in Albuquerque. The Feds dropped 500. State government grew by 300.

Albuquerque’s professional and business services sector dropped to being the metro’s second largest employer behind education and health services after a 2,100-job loss, year-over-year. The sector has lost jobs eight months in a row and now employs 54,700.

Santa Fe led annual job production among the four metros areas with a 1,600 wage job year-over-year increase that was a net of 1,800 more private sector jobs and a loss of 200 local government jobs. The private wage jobs were led by 1,200 more leisure and hospitality sector jobs.

Las Cruces produced a decent 800-job increase with 1,300 more private sector wage jobs more than offsetting 500 fewer government jobs. Federal wage employment dropped 300 and local government dropped 200.

In Farmington wage employment declined 400 between March 2011 and March 2012.

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