Monday, September 30, 2013

Abq Leads August Job Performance.

Within the state’s August 2012 to August 2013 growth of 6,900 jobs (all of 0.9%), the metro picture is mixed.
Albuquerque, of all places, led the pack with 5,100 new wage jobs, a not unhealthy 1.4% increase. The Department of Workforce Services released the figures late Friday, September 27.
In the Duke City, the feds dropped 700 wage employees over the year, half the statewide loss of 1,400. However, local government added 1,100 jobs in the city with 600 more state employees. The government sector as a whole gained 1,000 jobs in Albuquerque.
Overall government lost 3,100 jobs including 2,000 in local government.
Combining the two totals for government—minus 3,100 statewide and plus 1,000 in Albuquerque means the non-Albuquerque part of the state lost 4,100 government jobs. Ouch. Note these figures are not seasonally adjusted. Some of the jobs may reappear in September as school begins.
Leisure and hospitality, a rough proxy for tourism, led the Albuquerque growth with 2,800 more jobs, year over year, or 64% of the 4,400 more jobs statewide.
A big tourism year would one to anticipate a jump in leisure and hospitality in Santa Fe. For the August to August year, that was not the case in Santa Fe where the sector remained unchanged at 10,000 wage jobs. Over the year, Santa Fe lost 400 jobs with a few gains offset by 700 fewer jobs in “other services,” whatever that is.
Las Cruces added 100 jobs while Farmington lost 200 during the period.
Statewide, construction is up 1,200 jobs, the best year over year showing since 2006, DWS said.

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