Tuesday, July 21, 2015

Jobs Up 1.6% in June

Nothing statistically significant happened to the overall New Mexico job picture between June 2104 and June 2015, nor between May 2015 and June 2015, said the federal Bureau of Labor Statistics today in its monthly jobs release. The BLS phrase actually was that the biggest bunch of states were “not appreciably different” from either June 2014 or May 2015.
The exception was our unemployment rate, “significantly different” at 6.4% for June from the 5.3% national rate.
Nonagricultural wages jobs were 825,600 in June, down 6,600 from May but up 12,600 from June 2014, a 1.6% increase.
Education and health services remained the star with a 7,700 year-over-year job gain, or 6.2%. As noted before, these increases don’t make sense. Maybe they are Medicaid. Or Obamacare? Get out your salt shaker, the one with the big grains.
Next comes the professional and business services with 4,000 presumably non-funky new wage jobs over the year, a 4% gain.
Leisure and hospitality follows with 2,900 new wage jobs from June 2014 to June 2015. A few weeks ago the tourism department releases its latest market study and claimed a very good year for tourism.
Other services lost 2,400 jobs for the year, followed by construction, down 1,400.

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