NM job growth barely registering

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NM job growth barely registering


By | 17 hours ago
Posted: 3:06 pm

bestnmjobsNew Mexico suffered the slowest nonfarm employment growth year-over-year in its nine-state region, according to the latest state Workforce Solutions Department Labor Market Review.

Employment grew 1,700 jobs, or 0.2 percent, between November 2012 and November 2013 in New Mexico, compared with a 1.7 percent growth rate nationwide in the same period.

Growth rates in the region year-over-year were:

⋄  2.5 percent in Texas.

⋄  2.2 percent in Utah.

⋄  2.0 percent in Colorado.

⋄  1.9 percent in Arizona.

⋄  1.8 percent in Nevada.

⋄  1.6 percent in California.

⋄  1.0 percent in Oklahoma.

⋄  0.8 percent in Wyoming.

Workforce Solutions reported that total nonfarm payroll employment grew 0.9 percent in the Albuquerque metropolitan statistical area, or 3,200 jobs, in the 12-month period. The Santa Fe area lost 200 jobs, a 0.3 percent reduction year over year.

The Las Cruces MSA gained 300 jobs, a 0.4 percent increase, and Farmington employment increased 700 jobs, or 1.4 percent.

“Overall, employment in the Albuquerque MSA is showing continued signs of recovery, with total private and public sectors posting higher employment levels than one year ago,” according to the department.

Albuquerque area private sector employment grew 0.9 percent, or 2,600 jobs, including year-over-year growth of 1,600 jobs in the construction sector, an 8.7 percent increase. Public sector employment grew 0.7 percent, or 600 jobs.

Professional and business services employment in the Albuquerque area grew for the seventh consecutive month at a 2.6 percent rate, and leisure and hospitality posted its 30th month of continuous growth.

Albuquerque area manufacturing lost 1,000 jobs between November 2012 and November 2013. The usually robust educational and health services sector lost 200 jobs.