Albuquerque and Farmington accounted for 9,200 of the 9,600 wages jobs added in New Mexico between July 201 and July 2015. The report comes in the new issue of the Labor Market Review, released late Friday afternoon by the Department of Workforce Solutions. The division was 1,400 new Farmington jobs and 7,800 in Albuquerque.
Las Cruces and Santa Fe again went the other way. Las Cruces lost 300 wage jobs for the period. Santa Fe dropped 400.
New Mexico’s 1.2% job gain beat a neighboring state for the first time in about forever. Oklahoma, which has a short border with our northeast corner showed 0.8% job growth for the period.
For the June to July month, wage jobs statewide and not seasonally adjusted dropped by 4,100, mainly due to school getting out.
With 2,600 new jobs year-over-year, education and health services (i.e., Medicaid) wasn’t even Albuquerque’s big gainer. That honor went to professional and business services wth 2,800 more jobs. Leisure and hospitality added 1,400 jobs.
The private sector provided 1,300 of Farmington’s 1,400 new jobs. No further detail is provided for Farmington.
Education and health services added 700 jobs in Santa Fe for the year. Professional and business services added 100. The losers were leisure and hospitality, construction, finance and other services.
In Las Cruces, education and health services added 500 jobs with 300 each in retail and transportation, both due to Santa Teresa, perhaps. Professional and business services, construction and government lost.
Saturday, August 29, 2015
Wednesday, August 19, 2015
Change Your Perspective
Yesterday the Albuquerque Convention and Visitors Bureau unveiled a new “brand campaign” with the tagline “change your perspective” and promotional approaches we over-65 types hadn’t seen before. Along the way ACVB and its agency, McKee Wallwork & Co., remembered a truism about websites—that the key word, “Albuquerque” in this case, ought to be in the name of the site, which they almost accomplished. The new site is “visitabq.com.”
The logic is explained n a paragraph from ACVB’s backgrounder. “The campaign hits the sweet spot at the intersection of what travelers want from a vacation destination and what Albuquerque offers so well. The key insight: people travel not only because they want to see different things, but because they want to see things differently; they seek a change in perspective.”
Listening to the detail of the research behind the campaign, the thought dawned that we do indeed need to change our perspective about almost everything in Albuquerque and in New Mexico.
An ultra-establishment Albuquerque civic leader who attended the presentation agrees. Doing little that might endanger election to another post unites the approach of Albuquerque Mayor Richard Berry and Governor Susana Martinez, this man said.
Offered highways as a perception change topic, Mr. Establishment said that dogmatically opposing raising the gas tax was ridiculous. When I mentioned toll roads, he said he didn’t understand why toll roads are not considered here.
The logic is explained n a paragraph from ACVB’s backgrounder. “The campaign hits the sweet spot at the intersection of what travelers want from a vacation destination and what Albuquerque offers so well. The key insight: people travel not only because they want to see different things, but because they want to see things differently; they seek a change in perspective.”
Listening to the detail of the research behind the campaign, the thought dawned that we do indeed need to change our perspective about almost everything in Albuquerque and in New Mexico.
An ultra-establishment Albuquerque civic leader who attended the presentation agrees. Doing little that might endanger election to another post unites the approach of Albuquerque Mayor Richard Berry and Governor Susana Martinez, this man said.
Offered highways as a perception change topic, Mr. Establishment said that dogmatically opposing raising the gas tax was ridiculous. When I mentioned toll roads, he said he didn’t understand why toll roads are not considered here.
Thursday, August 13, 2015
Rep. Lujan Cops Out of Leading Animas Mine Spill Accountability
Just after 6:00 PM this evening, that is, just a few minutes ago, the KOB TV 6 PM news had reporter Chris Ramirez asking U.S. Rep. Ben Ray Lujan if he was going to lead the seeking of accountability from the EPA for the Animas River toxic mine waste spill. Lujan copped out. He told Ramirez, as I heard it, that there has to be accountability. But he did not say he would lead that effort.
Hey, Ben Ray, I would have thought that leading the effort would be your job. Further, leading the effort and standing up for the people you represent might well have brought all sorts of political glory.
Hey, Ben Ray, I would have thought that leading the effort would be your job. Further, leading the effort and standing up for the people you represent might well have brought all sorts of political glory.
Monday, August 10, 2015
Monthly Sales Over 1,000 for First Time Since 2007
During July metro Albuquerque sales of single family detached homes rose a little from June, about what happened a year ago. The difference is that the 1,157 sales during July were 23% higher than during July 2014, according to the monthly sales report released today by the Greater Albuquerque Association of Realtors (GAAR).
A quick glance at the history says that June 2007 was the last time monthly single closed sales cracked 1,000 units.
The July closed sales accounted for 85% of the 1,188 sales pending during June, a high figure. In July, pending sales dropped to 1,157 units, suggesting that closed sales may drop during August. July’s pending sales were 17.3% more than July 2014, likely leaving room for year-over-year sales continuing ahead of 2014.
Homes sold during July were on the market an average of 56 days, three days more than June, but a day quicker than the 60 recorded for July 2014.
Prices were lower, though, both from June and from July 2014. The median price, $185,000, dropped about 2.5% from $190,788 in June and $190,000 in July 2014. The average price dropped eight percent from $230,750 in July 2014 to $212,345 last month and from $226,337 in June.
Condo/townhouse sales run around ten percent of detached home sales. That rough ratio held during July 107 closed sales. The difference was the 42% improvement from 75 sales in July 2014.
Since December 2014, metro Albuquerque has reported less than a 5.5-month supply of homes for sale. “An average market is traditionally a six-month supply,” GAAR says.
A quick glance at the history says that June 2007 was the last time monthly single closed sales cracked 1,000 units.
The July closed sales accounted for 85% of the 1,188 sales pending during June, a high figure. In July, pending sales dropped to 1,157 units, suggesting that closed sales may drop during August. July’s pending sales were 17.3% more than July 2014, likely leaving room for year-over-year sales continuing ahead of 2014.
Homes sold during July were on the market an average of 56 days, three days more than June, but a day quicker than the 60 recorded for July 2014.
Prices were lower, though, both from June and from July 2014. The median price, $185,000, dropped about 2.5% from $190,788 in June and $190,000 in July 2014. The average price dropped eight percent from $230,750 in July 2014 to $212,345 last month and from $226,337 in June.
Condo/townhouse sales run around ten percent of detached home sales. That rough ratio held during July 107 closed sales. The difference was the 42% improvement from 75 sales in July 2014.
Since December 2014, metro Albuquerque has reported less than a 5.5-month supply of homes for sale. “An average market is traditionally a six-month supply,” GAAR says.
Subscribe to:
Posts (Atom)