Wednesday, February 3, 2016

State Job Growth Slows, Three Metros Lose

During the year from November 2014 to November 2015, metro Albuquerque gained 7,200 seasonally unadjusted wage jobs. For December the year-over-year gain dropped to 5,000 on the “strength” of losing 2,400 jobs between November and December.
Over the year, Santa Fe (-100), Farmington (-1,000) and as Cruces (-1,100) combined to lose 2,200 jobs. That was 400 fewer jobs lost than during the November 2-14 to November 2015 year.
The state gained 2,600 jobs for the year and lost 1,800 for the month. Seven states performed worse than New Mexico. Two showed no job total change and five lost jobs.
Retail trade was the leading loser for the month, down 1,200 jobs, which generated a 900 job loss for the year. That retail trade would lose jobs during December seems curious, what with the holiday shopping. The retail losses concentrated in Albuquerque, down 700 for the month and 800 for the year. Albuquerque is the sate’s retail center.
Making the state/Albuquerque retail performance is Las Cruces showing no change for the month and the year and Santa Fe with no change for the month and 100 more jobs for the year.
In Albuquerque professional and business services lost 300 jobs for the month and gained 3,700 for the year. Education and health services had no change for the month and 1,500 more jobs for the year. Leisure and hospitality dropped 400 jobs for the month and gained 1,200 for the year.
Statewide, leisure and hospitality showed 1,100 more jobs during the month and 4,400 over the year. Education and health services had 2,900 more jobs year-over-year and 300 more for the month. Professional and business services also added 300 jobs during December and 2,500 year-over-year.
The Las Cruces jobs losses were professional and business services (-700), leisure and hospitality (-300), construction (-300) and manufacturing (-100). Except for September 2014, Las Cruces has lost jobs since May 2014.

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