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.
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