Saturday, March 31, 2018

Metro Job Growth Up From January Rate

Metro area job growth increased on a year-over-year basis from the numbers reported for January. The numbers come from the Labor Market Review, the newsletter of the Department of Workforce Solutions which was released late yesterday afternoon.
For the year between February 2017 and February 2018, Albuquerque added 5,800 jobs; Santa Fe 800; and Farmington 900. Las Cruces dropped 1,500 for the February year, 100 more than disappeared between January 2017 and January 2018. During February Las Cruces added 1,400 jobs, all in government. As reported last week the state added 5,800 jobs.
The state’s 11,000 new jobs over the year represented 1.3% growth which tied for 20th place nationally with four others.
February was a good month for those seeking government jobs. Statewide there were 6,800 new jobs in government (not seasonally adjusted), nearly all in education. State government education added 3,700 jobs with another 2,500 in local government (the k-12 segment).
Albuquerque claimed 2,700 new government jobs during February (40% of the total). There were 1,600 new government jobs in Las Cruces (24%) including 1,400 in state government. For the month, Santa Fe got 1,200 government jobs (18%) with 900 in local government. Farmington should feel left out with only 300 new government jobs.
The year-over-year sector leaders in metro Albuquerque were construction (+2,100), professional and business services (+1,400) and leisure and hospitality (+1,100). In Las Cruces, state government was the largest sector growth leader, down 1,000. Santa Fe’s sector growth leader was leisure and hospitality, up 500.

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