Sunday, September 27, 2015

Metro Albuquerque Leads in August Job Gains

August wage job numbers for metro areas show Albuquerque continuing to dominate the metro and state performance (now there’s a switch from the past few years) with Farmington well behind, Santa Fe with no growth and Las Cruces losing. The Department of Workforce Solutions released the numbers late Friday with the issue of its Labor Market Review newsletter.
Albuquerque added 5,500 new jobs between August 2014 and August 2015. Education and health services “only” added 2,100 new jobs over the year, 38% of the Albuquerque total. EHS added 183% of the state’s 3,000 net jobs for the period. At 0.4%, the state’s jobs growth year-over-year ranked 45th nationally. Three states gained jobs at a lower rate than New Mexico and three states lost jobs.
Professional and business services led Albuquerque’s gains with 2,500 jobs. The Duke City’s other gainers were construction, +900, and leisure and hospitality (tourism), +800.
DWS does not provide detail that would allow us to explain Farmington’s 800 net new jobs.
In Santa Fe, EHS and tourism (leisure and hospitality) were the sector leaders, up 500 and 200 jobs respectively over the year. Construction lost 600 jobs.
Las Cruces’ year-over-year jobs losses were led by 900 fewer jobs in professional businesses services and a drop of 700 in construction.
The statewide net new job total was 2,800 between July and August with government provided 5,500 jobs and construction losing 2,500. Three quarters of the August government jobs came from local government education, meaning that school started. These figures are not seasonally adjusted. Over the August-to-August year, local government education lost 1,300 jobs, again not seasonally adjusted.

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