Friday, May 25, 2018

Albuquerque Continues to Lead Metro Job Production

Together New Mexico’s three smaller metro areas lost wage 800 jobs in the year between April 2017 and April 2018. The Department of Workforce Solutions released the detailed job report today in the Labor Market Review newsletter. The job totals are not seasonally adjusted.
Las Cruces was the leader, down 1,400 jobs, or 1.9%. Farmington chipped in with another 200 lost jobs, or 0.2%. Santa Fe made up almost half the loses with an increase over the year of 700 jobs or 1.1%
Albuquerque remained the metro jobs producer with an increase of 4,900 jobs, or 1.2%.
As reported last week, the state’s wage job total grew 1.2%, or 10,000 jobs. The 1.2% job increase tied three Deep-Sough states for 24th place nationally—Alabama, Louisiana and Mississippi. Our neighbors continued in the top ten. Utah led with a 3.4% job increase from April 2017 to April 2018. Texas was fourth, Colorado, sixth, Arizona, seventh.
The Las Cruces year-over-year loses were 86% public sector, or 1,200 jobs. Of those 1,200, state government lost 1,000 with local and federal government each dropping 100. Leisure and hospitality lost 400 Las Cruces jobs; education and health services gained 400.
Given that, statewide, the state government education sector lost 1,500 jobs, a guess is that the Las Cruces loses were at New Mexico State University.
In metro Albuquerque, the only sector of size to lose jobs was education and health services, down 1,600 to 63,300, keeping it the metro area’s largest job sector and 200 jobs ahead of professional and business services which gained 3,000 to total 63,100.
In Santa Fe, only leisure and hospitality, up 700 jobs, added more than 200 jobs.

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