With wage jobs up 1.8% or 15,200 for the June 2018 to June 2019 year, the gains appear to have been in the 26 rural counties. That’s because the four metro areas all added jobs at a rate of less than 1.8%. Ta Da.
The numbers are in the Labor Market Review, the newsletter of the Department of Workforce Solutions, which was released this afternoon.
Santa Fe even lost jobs over the year, down 800, half in the private sector, half public. The leading loser was education and health services, down 700.
Albuquerque added 4,900 jobs, a 1.2% increase. The gainers were education and health services, plus 3,200 jobs, or 5%; leisure and hospitality, plus 2,400 jobs, or 5.4%; and professional and business services, plus 2,100 jobs, or 3.4%.
Education and health services, up 600 jobs or 3.8%, was the only sector with much growth in Las Cruces, plus 800 jobs, or 1.1%.
Farmington added 100 jobs, a 1.1% increase.
The newsletter passed along the state gross domestic figures released recently by the Bureau of Economic Analysis. “GDP measures the value of the goods and services
produced in an area, less the value of the goods and services used up in production,” DWS said. New Mexico’s GDP was up 1.8% in 2018, less than half the growth of Utah (4.3%) and Arizona (4%) and well behind Colorado (3.5%) and Texas (3.2%).
Government and the military account for 21.7% of New Mexico’s 2018 GDP with finance, insurance and real estate at 15%, mining and oil and gas extraction at 13.7%, and professional and business services at 10.6%.
Friday, July 26, 2019
Monday, July 22, 2019
Abq Mayor Gets Developer's Applause
Albuquerque Mayor Tim Keller brought his enthusiastic self today to NAIOP, the commercial real estate developers group meeting at the Uptown Marriott. If spontaneous applause is the measure, he scored some points.
He started with the New Mexico United professional soccer team, citing the team’s support as “a tremendous example of how we can be united.” Keller related the problems in getting the team situated. His orientation was ‘getting it done” rather than worrying about the difficulties. His showed a photo of the Civic Plaza watch parties which have struck as a great example of a creative and obvious use of the forlorn plaza.
There are a lot of ideas out there, he said, let’s just pick one. “Quit selling ourselves short.”
Crime was topic two. “For the first time in a decade, all our crime stats are down,” he said. Of course, he also said, crime remains high.
There is a new multi-agency involvement in crime. “We have got to take responsibility for what we as individuals can do.” Not sure what that means in the crime context, but it sounds good.
In economic development, Keller, like the governor, has doubled down on movies. He cited some great statistics—2,200 jobs from recent announcements—but of course didn’t mention that movie jobs are project work, three months here, six months there. A new movie real estate infrastructure is developing from people renting to movie production personnel. The rental rates are great, owners tell me, and more than offset the vacant periods.
Then there are the homeless who are “not going away without major investment by our city, Keller said. He plans to put $14 million in the fall bond package for a homeless shelter. NO mention of the ACLU recently blowing away the city’s attempt at regulating panhandling from road medians.
Keller closed on an up note, city the recent national senior games as a united (there’s that word again) effort that was hugely successful—20,000 people in town spending money and 8,000 volunteers.
He referred a number of times to the “One Albuquerque” umbrella program. If you can get past the progressive gobbledygook at the website (https://www.cabq.gov/one-albuquerque) probably is worthy.
The fall bond measures got a big pitch at the end. The ART project mention was an inverse to the bonds
He started with the New Mexico United professional soccer team, citing the team’s support as “a tremendous example of how we can be united.” Keller related the problems in getting the team situated. His orientation was ‘getting it done” rather than worrying about the difficulties. His showed a photo of the Civic Plaza watch parties which have struck as a great example of a creative and obvious use of the forlorn plaza.
There are a lot of ideas out there, he said, let’s just pick one. “Quit selling ourselves short.”
Crime was topic two. “For the first time in a decade, all our crime stats are down,” he said. Of course, he also said, crime remains high.
There is a new multi-agency involvement in crime. “We have got to take responsibility for what we as individuals can do.” Not sure what that means in the crime context, but it sounds good.
In economic development, Keller, like the governor, has doubled down on movies. He cited some great statistics—2,200 jobs from recent announcements—but of course didn’t mention that movie jobs are project work, three months here, six months there. A new movie real estate infrastructure is developing from people renting to movie production personnel. The rental rates are great, owners tell me, and more than offset the vacant periods.
Then there are the homeless who are “not going away without major investment by our city, Keller said. He plans to put $14 million in the fall bond package for a homeless shelter. NO mention of the ACLU recently blowing away the city’s attempt at regulating panhandling from road medians.
Keller closed on an up note, city the recent national senior games as a united (there’s that word again) effort that was hugely successful—20,000 people in town spending money and 8,000 volunteers.
He referred a number of times to the “One Albuquerque” umbrella program. If you can get past the progressive gobbledygook at the website (https://www.cabq.gov/one-albuquerque) probably is worthy.
The fall bond measures got a big pitch at the end. The ART project mention was an inverse to the bonds
Friday, July 19, 2019
Unemployment Rate Hngs Around 4.9%
New Mexico’s unemployment rate has hung around 4.9% during the past year. It was 4.9% in June, 5% in May and 4.8% in June 2018. On a seasonally adjusted basis, the state added 14,400 jobs, a (nice for New Mexico) 1.7% increase that the federal Bureau of Labor Statistics considers statistically significant. Arizona wage jobs grew 2.8% during the June to June year; Utah, 2.7%; and Colorado 1.9%.
While I’m not quite sure of the arithmetic, that seems to mean that of the 25,000 added to the labor force over the year, 23,000 found employment (which is different from a wage job) because total unemployment went up 2,000.
Leisure and hospital led the sector growth, up 5,300 jobs or 5.3%, not seasonally adjusted. Construction added 3,000 jobs, a 6.3% increase.
Mining grew by 2,000, up 8%. Employment in Eddy County, with Lea the heart of oil production, grew by 2,700 to total 33,153 in June. Lea County added 800 jobs for employment of 29,440.
The Department of Workforce Solutions released the June job summary this afternoon. DWS will provide more details in a week.
While I’m not quite sure of the arithmetic, that seems to mean that of the 25,000 added to the labor force over the year, 23,000 found employment (which is different from a wage job) because total unemployment went up 2,000.
Leisure and hospital led the sector growth, up 5,300 jobs or 5.3%, not seasonally adjusted. Construction added 3,000 jobs, a 6.3% increase.
Mining grew by 2,000, up 8%. Employment in Eddy County, with Lea the heart of oil production, grew by 2,700 to total 33,153 in June. Lea County added 800 jobs for employment of 29,440.
The Department of Workforce Solutions released the June job summary this afternoon. DWS will provide more details in a week.
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