The edge comes a little off New Mexico’s wage job happiness with new that three of our four metro areas showed an unemployment rate for May 2019 above the rate for May 2018. The state’s rate was 5% for May, the same as April. The metro unemployment rates, seasonally unadjusted, are:
Albuquerque: 4.3% from 4.1%;
Las Cruces: 5.3% from 5.1%;
Santa Fe 3.8% from 3.7%.
Farmington’s unemployment dropped a tenth of a point from 5% to 4.9%.
The numbers are from the Labor Market Review newsletter of the Department of Workforce Solutions, which was released today.
The four-county metro Albuquerque added 5,100 wage jobs with the gains in professional and business services (+2,900); education and health services (+2,500); and leisure and hospitality (+2,100).
Las Cruces added 1,100 jobs over the year with the biggest gain in education services, up 600.
The ups and downs of the various sectors added to no change for Santa Fe, year over year. Farmington added 300 jobs.
Catron County has the lowest average weekly wage $453, followed, so to speak, by San Miguel County (Santa Rosa) at $496, followed and McKinley at $541. The highest wage is in Los Alamos with $1,685. The Eddy County wage is $1,226 with Lea at $1,133.
Friday, June 28, 2019
Friday, June 21, 2019
Job Growth Continues, State Adds 15,900 Jobs for May
New Mexico added 15,900 wage jobs between May 2018 and May 2019. This is a healthy (for New Mexico) 1.9% gain. The unemployment rate was 5% (47,627 people), seasonally adjusted, and 4.5%, seasonally adjusted.
The job gain was considered by the Bureau of Labor Statistics to be large enough to be statistically significant.
Mining and logging (a sector that is nearly all mining) added 2,800 jobs, a 11.5% increase that brought sector employment to 27,100 jobs. The oil boom is showing is Eddy and Lea county employment. Eddy is up 2,300 jobs (to 32,419) over the year with Lea up 1,800 to 30,060.
The leading sectors for job production over the twelve months were professional and business services, 3,700 (3.5% increase); education and health services, 3,600 (2.6%); and leisure and hospitality, 3,500 jobs (3.5%)
Most of the education and health services growth came in health care and social assistance, which added 3,100 jobs.
Government added 600 jobs for year with federal and local increases offset by state government education (universities) dropping 1,200 jobs as summer break began.
The Department of Workforce Solutions released job summary numbers this afternoon.
The job gain was considered by the Bureau of Labor Statistics to be large enough to be statistically significant.
Mining and logging (a sector that is nearly all mining) added 2,800 jobs, a 11.5% increase that brought sector employment to 27,100 jobs. The oil boom is showing is Eddy and Lea county employment. Eddy is up 2,300 jobs (to 32,419) over the year with Lea up 1,800 to 30,060.
The leading sectors for job production over the twelve months were professional and business services, 3,700 (3.5% increase); education and health services, 3,600 (2.6%); and leisure and hospitality, 3,500 jobs (3.5%)
Most of the education and health services growth came in health care and social assistance, which added 3,100 jobs.
Government added 600 jobs for year with federal and local increases offset by state government education (universities) dropping 1,200 jobs as summer break began.
The Department of Workforce Solutions released job summary numbers this afternoon.
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