Thursday, September 29, 2016

Job for August: Not Much Happening

September 29, 2016
Modestly detailed wage job numbers appear each month for four areas of the New Mexico economy—the entire state and the metro areas of Albuquerque Santa Fe, and Las Cruces. The Farmington metro (San Juan County) only gets summary numbers.
For the state and for Las Cruces the education and health services sector more that explained all the seasonally unadjusted wage job growth between August 2015 and August 2016, according to figures released Tuesday from the Department of Workforce Solutions.
The state has 9,900 new EHS jobs with 1,800 total new jobs, i.e., a net loss of 8,100 jobs from all other sectors. Leisure and hospitality added 2,500 jobs statewide year-over-year.
In Santa Fe it was a tie between EHS and tourism, aka leisure and hospitality, each with 400 new jobs over the year and 1,100 new jobs total. There were 400 new jobs in “other services.”
Las Cruces produced 400 new jobs and 900 in EHS, for a loss of 500 in other sectors.
Besides EHS, in Albuquerque professional and business services show a decent gain of 1,200 jobs for the year. EHS is the only other big winner with 3,300 jobs.
The statewide losers continue to be mining (oil and gas), -6,800, and manufacturing, -1,700.
Zeros litter the metro jobs reports. Not much is happening.

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