New Mexico joined a select group in October with its year-over-year loss of 2,900 wage jobs, a 0.3% drop. Only four other states lost jobs. Two of the states had statistically significant losses: North Dakota, Wyoming.
Our unemployment rate, 6.7% in October, was the nation’s second highest, just behind Alaska’s 6.8%.
We lost 2,000 jobs between September 2015 and September 2016.
Mining, meaning oil and gas, added 300 jobs between September and October. The October 2015 to October 2016 loss was 6,500 jobs.
Retail trade was the second biggest year-over-year loser, down 2,800 jobs. Wholesale trade lost 900 jobs. Manufacturing dropped 1,400 jobs for the period.
Local government education was down 1,500 jobs for the year after adding 900 jobs during September.
Metro Albuquerque’s labor force increased by around 5,500 during to be 421,000. Employment was up 5,500. Employment also increased in the other three metro areas: Farmington, Las Cruces and Santa Fe.
Details to come November 30.
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