Saturday, June 27, 2015

Metro Job Picture Mixed for May

The Farmington recovery rolled on during May with 1,500 new wage jobs from May 2014 to May 2015, a 2.9% increase, according to the details of May job growth released yesterday by the Economic Research and Analysis Bureau of the Department of Workforce Solutions. Metro Albuquerque claimed a decent year-over-year performance as well with a 5,100 job, or 1.3% increase.
The metro job picture remained decidedly mixed with year-over-year losses of 600 jobs, 0.8%, in Las Cruces and, in Santa Fe, a drop of 800 jobs, 1.3%.
Farmington and Albuquerque provided 6,600 of the 8,200 new wage jobs statewide during the period, 1% growth.
In Albuquerque, as with the state, the growth came in professional and business services, +2,300; education and heath services, +1,800; and leisure and hospitality, +1,900. Government in Albuquerque, dropped 100 jobs during the May-to-May year. Albuquerque’s professional and business services sector has report year-over-year gains of more than 2,000 jobs for four months.
The Las Cruces losses were in leisure and hospitality, -300; professional and business services, -500; and manufacturing, down 200.
Construction in Santa Fe lost 500 jobs with another 300 gone in leisure and hospitality.

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