Friday, June 28, 2019

Metro Unemployment Rates Up For May

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.

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