Friday, December 21, 2012

Last 2012 Jobs Report: Lump of Coal

The final job performance report of the year brought New Mexicans a lump of coal.

The state not only lost jobs on a year-over-year basis—from November 2011 to November 2012—jobs disappeared between October 2012 and November 2012. This applies for both seasonally adjusted figures and the straight non-adjusted figures.

For the seasonally adjusted numbers, the state has 798,300 wage jobs in November. That was down 5,300, or 0.066% from November 2011, and down 1,300, or 0.0016% from October. The losses were small enough to be perhaps be considered a rounding error. Still, the direction was down.

The numbers were reported today by the federal Bureau of Labor Statistics and the state's Department of Workforce Services.

The feds lumped transportation and utilities with trade, confusing things. The artificially added mega-sector was flat, both year-over-year and from October. The problem that November is supposed be the month retailers add staff for Christmas.

Not good.

No comments: