New Mexico seems to have settled in on a year-over-year wage job growth rate of 1.5% plus. For the March 2014 to March 2015 year, it was 1.6%, or 13,000 jobs statewide, according to figures released today by the Department of Workforce Services and the federal Bureau of Labor Statistics.
By percentage, business and professional led the growth at 3.8% (3,700 jobs), followed by leisure and hospitality, 3.6% (3,200 jobs), and education and health services, 3.5% (4,400 jobs).
Growth is slower in the oil counties of Lea and Eddy, but the job growth continues.
Tuesday, April 21, 2015
Saturday, April 11, 2015
The New Hampshire Presidential Campaign
New Hampshire correspondent Kathy Morgan has called attention a continuing feature at WMUR TV in Manchester, New Hampshire. The feature is a series of conversations with actual and potential presidential candidates. A few days ago it was Sen. Lindsey Graham of South Carolina. The format is a half hour in two segments, one an interview by the anchor, the other questions from the audience. A “web feature” follows. Go to http://www.wmur.com/politics.
There is enough time and the format is sufficiently relaxed to get acquainted with the individual.
Also, one finds the newspaper, the Manchester Union Leader, at http://www.unionleader.com.
It seems that for the 2016 race, technology will bring us in the fly-over hinterland a chance to make a more intelligent choice.
If you see a worthy candidate on WMUR,options for active support would seem to be sending money and/or calling the respective New Mexico party headquarters to find the NM contact.
Our correspondent is ably assisted by Christopher Phelps Johnson, age five months, one day, as of this writing.
There is enough time and the format is sufficiently relaxed to get acquainted with the individual.
Also, one finds the newspaper, the Manchester Union Leader, at http://www.unionleader.com.
It seems that for the 2016 race, technology will bring us in the fly-over hinterland a chance to make a more intelligent choice.
If you see a worthy candidate on WMUR,options for active support would seem to be sending money and/or calling the respective New Mexico party headquarters to find the NM contact.
Our correspondent is ably assisted by Christopher Phelps Johnson, age five months, one day, as of this writing.
Friday, April 10, 2015
Abq Homes Sale Up 19% from March 2014
More homes sold in metro Albuquerque for more money than in months and months, according to the March sales report released today by the Greater Albuquerque Association of Realtors.
March closed sales of 827 single family detached homes were 49%, or 273 homes, more than February (March does have three more selling days than February) and 19% more than March 2014. The March sales were the highest since the sale of 857 homes closed during August 2013.
During March the number of pending sales jumped 20% from February to 1,102 and showed a 16% increase over February 2014. February pending sales also increased 16% over the previous year. Of the 921 pending sales during February, 90% turned into closed sales during March.
Average prices increased 5.5% during March to $210,069, pushed along by the sale closing for four homes in the $1 million-plus category. Sales increased in 10 of the 12 price groups about the $100,000 threshold. Sales were the same as March at 21 homes in the $500,000 - $749,000 group and dropped one—from three to two—in the $750,000 to $999,000 group.
The median price increased $6,000, or 4%, to $175,000 during March. The $175,000 median price is the highest March median since 2010.
The absorption rate has been below 5.5 months since December, indicating a better than average market. The supply-demand ration has dropped by half to 3.33 since December, meaning a tightening of supply relative to demand.
March closed sales of 827 single family detached homes were 49%, or 273 homes, more than February (March does have three more selling days than February) and 19% more than March 2014. The March sales were the highest since the sale of 857 homes closed during August 2013.
During March the number of pending sales jumped 20% from February to 1,102 and showed a 16% increase over February 2014. February pending sales also increased 16% over the previous year. Of the 921 pending sales during February, 90% turned into closed sales during March.
Average prices increased 5.5% during March to $210,069, pushed along by the sale closing for four homes in the $1 million-plus category. Sales increased in 10 of the 12 price groups about the $100,000 threshold. Sales were the same as March at 21 homes in the $500,000 - $749,000 group and dropped one—from three to two—in the $750,000 to $999,000 group.
The median price increased $6,000, or 4%, to $175,000 during March. The $175,000 median price is the highest March median since 2010.
The absorption rate has been below 5.5 months since December, indicating a better than average market. The supply-demand ration has dropped by half to 3.33 since December, meaning a tightening of supply relative to demand.
Friday, April 3, 2015
State Job Improvement Continues
The statistically re-benchmarked performance of the New Mexico economy continues, according to the new Labor Market Review newsletter released today, April 3, by the Department of Workforce Solutions.
The best news is in Albuquerque and Farmington. For the year between February 2014 and February 2015, 15,900 new wage jobs appeared on a seasonally unadjusted basis. The number of wage jobs increased 10,400 between January and February.
Albuquerque led the metro pack with 6,700 jobs, year over year. That was a net of 7,100 private sector jobs and a loss 400 government jobs with state government gains of 400 offsetting local government losing 700 jobs.
Farmington was the other big metro winner with 2,800 new wage jobs over the year, 2,500 of them in the private sectors.
Santa Fe didn’t badly with 1,100 new jobs even with the loss of 400 construction jobs.
Nothing much happened in Las Cruces during the year. The metro lost 200 jobs, split between the private guys and government.
Statewide and in Albuquerque the sectors with the biggest job growth were professional and business services, education and health services and leisure and hospitality. In Albuquerque, the three sectors added 6,100 jobs, year over year. Statewide the three added 10,400 jobs.
All these figures are not seasonally adjusted.
The best news is in Albuquerque and Farmington. For the year between February 2014 and February 2015, 15,900 new wage jobs appeared on a seasonally unadjusted basis. The number of wage jobs increased 10,400 between January and February.
Albuquerque led the metro pack with 6,700 jobs, year over year. That was a net of 7,100 private sector jobs and a loss 400 government jobs with state government gains of 400 offsetting local government losing 700 jobs.
Farmington was the other big metro winner with 2,800 new wage jobs over the year, 2,500 of them in the private sectors.
Santa Fe didn’t badly with 1,100 new jobs even with the loss of 400 construction jobs.
Nothing much happened in Las Cruces during the year. The metro lost 200 jobs, split between the private guys and government.
Statewide and in Albuquerque the sectors with the biggest job growth were professional and business services, education and health services and leisure and hospitality. In Albuquerque, the three sectors added 6,100 jobs, year over year. Statewide the three added 10,400 jobs.
All these figures are not seasonally adjusted.
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