Friday, October 21, 2016

2,000 Wage Jobs Lost During September

New Mexico dropped a net of 2,000 wage jobs in the year from September 2015 to September 2016. The unemployment rate climbed another tenth of a point to 6.7%, according to the September job release from the Department of Workforce Solutions. DWS release the release late this afternoon. New Mexico had 61,454 people unemployed during September (not seasonally adjusted), an increase of almost 3,000 from September 2015.
For the month between August 2016 and September 2016, New Mexico dropped 4,200 jobs, third best nationally after Wisconsin (-10,500 jobs) and Alabama (-6,600 jobs). New Mexico did step up to lead in job loss percentage for the month at -0.5%, reported the Bureau of Labor Statistics, which provides the numbers to DWS.
The national unemployment rate is 5%. Colorado’s unemployment rate is 3.6%.
Texas had the largest over-the-month job gain with 38,300 and was third year-over-year at 206,800.
Along the state’s sectors, mining (i.e., oil and gas) continued to lose, down 500 more jobs for the month and 6,900 over the year. Manufacturing and government both lost 1,500 jobs. Local government education (the public schools) gained 3,800 for the month but showed a 1,200-job loss year-over-year. State government education added 3,000 jobs during the month, but lost 600 for the year.
The growing sectors continued to be education and health services (Medicaid) with 6,100 new jobs, year-over-year; professional and business services, +2,600; and leisure and hospitality (tourism) 1,300 more jobs year-over-year. Leisure and hospitality dropped 3,200 jobs during September with the end of the prime summer season.
Metro Albuquerque saw the labor force grow to 418,002 over the year, an increase of almost 6,000. Albuquerque employment grew about 4,000.
Employment in metro Las Cruces and Santa Fe grew about 1,100. Farmington employment grew by 300.

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