Friday, October 18, 2019

State Job Growth Is 2.2% in September

uring September unemployment rates were stable in 39 states, the Bureau of Labor Statistics reported today. Non-farm wage jobs were “essentially unchanged” in 45 states. New Mexico was one of the states with “statistically significant” changes in seasonally adjusted wage job totals for the year from September 2018 to September 2019, the BLS said. Our 18,800 net new jobs were a 2.2% gain. Nice!
The state Department of Workforce Solutions also release job totals today.
New Mexico’s 4.9% unemployment rate in September ties Arizona for fourth place nationally. Alaska leads with Mississippi and the District of Columbia tied for second at 5.4% unemployed. The state's unemployment rate, seasonally adjusted, hasn’t changed in three months and was 4.9% a year ago.
Construction and mining were the state’s sector performance leaders for the September to September year. Construction saw 10% growth with 4,700 new jobs. Mining, which is pretty much oil and gas, added 2,000 jobs for an 8.1% increase. Leisure and hospitality (the proxy for tourism) followed with 7,200 new jobs and 7.3% growth.
The other gainers were professional and business services, up 2,400 jobs and 2.2%, and health care and social assistance, up 2,200 and 1.8%.
Government grew over the year, led by local government (excluding education), up 2,200 jobs and 4.4%. State government (excluding education) added 1,000 jobs for 3.2% growth as the administration continued to fill those authorized but vacant positions. The feds grew by 1,000 jobs and 3.5%.
Eddy and Lea counties continued their oil-driven jobs with increases, respectively of 3,300 jobs (to 33,895) and 2,000 jobs to 32,153.

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