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.
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