Friday, July 29, 2016

All Four NM Metro Areas Add June Jobs

All four New Mexico metro areas added jobs in June, something of a rarity. The Department of Workforce Solutions released the numbers today in its Labor Market Review newsletter.
The metro areas accounted for 11,000 new wage jobs (not seasonally adjusted) in the year from June 2015 to June 2016. Rural counties generated 3,000 new wage jobs, year over year, to produce the statewide total of 14,000 jobs. The statewide job growth was a 1.7%, good for a heady 25th place among state job growth rates. New Mexico tied with Ohio. One can just imagine Susana Martinez and John Kasich jointly touting their state’s “success.”
Metro Albuquerque added 9,100 jobs, a 2.4% increase, with 1,000 in Santa Fe, 800 in Las Cruces and 100 in Farmington.
In Albuquerque, education and health services (i.e., mostly Medicaid) showed 3,500 new wage jobs, year over year. Professional and business services, full of basic industry types such as computer consultants, showed 2,500 new jobs, followed by leisure and hospitality with 1,900 jobs. The three sectors produced 7,900 jobs, over the year, 87% of metro Albuquerque’s new jobs.
Education and health services had 800 new jobs in Santa Fe over the year with another 500 from leisure and hospitality (tourism). Together the two sectors found 1,300 new jobs, year over year, meaning that all other economic activity in the City Different combined to lose 300 jobs. DWS reminded us that the City of Santa Fe will lay off 40 employees to closed a $12 million (or so) budget hole. The job losers, all classified as 90-day emergency hires, have been employed for up to eight years.
In Las Cruces, education and health services dominated with 1,000 new jobs, 200 more than the metro’s 800 new jobs.

1 comment:

Isaac Padilla said...

New Mexico lost 2,400 jobs. Last month private sector employment fell by 2.1%. Here is a link to my data sources so people can see it for themselves.