NM jobless rate 5% in May, unchanged from April - Albuquerque Journal

NM jobless rate 5% in May, unchanged from April

This job fair was presented by the Albuquerque Journal in conduction with theTop Workplace Award Luncheon at the Hotel Albuquerque on Monday, May 13, 2019. (Greg Sorber/Albuquerque Journal)

New Mexico’s seasonally adjusted unemployment rate was 5.0 percent in May, unchanged from the previous month and up from 4.8 percent in the same month the previous year, state Workforce Solutions reported Friday.

That compares to a national unemployment rate in May of 3.6 percent, unchanged from April and down from 3.8 percent in May 2018.

Total nonagricultural payroll employment in New Mexico increased by 15,900 jobs, or 1.9 percent, between May 2018 and May 2019, with most gains from the private sector, which was up 15,300 jobs, or 2.3 percent.

Mining and construction — which includes the oil and gas industries — checked in with the biggest gains, adding 5,500 jobs, or 7.6 percent.

Other gains included:

— Professional and business services employment up 3,700 jobs, or 3.5 percent.

— Education and health services increased by 3,600 jobs, or 2.6 percent.

— Leisure and hospitality added 3,500 jobs, or 3.5 percent.

— Financial activities showed a gain of 600 jobs, or 1.8 percent.

— Manufacturing employment was up 400 jobs, or 1.4 percent.

Sectors losing jobs included:

— Trade, transportation, and utilities was down 2,100 jobs, or 1.5 percent.

— Employment in information sector was down 300 jobs, or 2.5 percent.

In the public sector, local government employment grew by 800 jobs, or 0.8 percent. All gains came from local government excluding education, which was up 1.6 percent.

Federal government reported a gain of 500 jobs, or 1.7 percent while state government employment decreased by 700 jobs, or 1.3 percent.

Home » Business » Careers/Jobs » NM jobless rate 5% in May, unchanged from April


Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

1
New Mexico-based 'quantum dot' maker growing by leaps and ...
ABQnews Seeker
Microscopic, New Mexico-made 'quantum dots' could ... Microscopic, New Mexico-made 'quantum dots' could soon be powering up commercial buildings, boosting greenhouse production and, eventually, even feeding astronauts on the moon. Los ...
2
Meet the New Mexico-born neuropsychologist working to diversify the ...
ABQnews Seeker
Not many people know what a ... Not many people know what a neuropsychologist is, so Lynette Abrams-Silva explains it this way: "It's part detective, part novelist and part demon hunter."
3
La Montañita to open near IPCC
ABQnews Seeker
La Montañita Food Co-op is on ... La Montañita Food Co-op is on the move. The locally owned grocery co-op is the latest tenant of the Avanyu Plaza, which is part ...
4
Climate change and fire are threatening an ancient NM ...
ABQnews Seeker
My parents' families come from the ... My parents' families come from the tiny, adjacent northern New Mexico villages of El Turquillo and Guadalupita, which lie roughly halfway between the Village ...
5
174-lot development underway in Rio Rancho
ABQnews Seeker
Seasons at Monarch, a new community ... Seasons at Monarch, a new community on the horizon at the Mariposa Subdivision in Rio Rancho, is gearing up for sales. Some key infrastructure ...
6
Being a good CPA means being there in crisis
ABQnews Seeker
I grew up on the East ... I grew up on the East Coast. When I moved to Tucson for graduate school, and later to Albuquerque, I was shocked by the ...
7
Green chile brand hosting nationwide recipe contest
ABQnews Seeker
505Southwestern is celebrating 25 years in ... 505Southwestern is celebrating 25 years in business by hosting a nationwide recipe contest and making donations to its scholarship fund, according to a news ...
8
First New Mexico cannabis excise tax payments due Wednesday
ABQnews Seeker
The first excise tax filings and ... The first excise tax filings and payments are due Wednesday for sales made through the month of April, according to a news release from ...
9
How Bimbo lost its trademark case
ABQnews Seeker
Forty-some years ago, Leland Sycamore developed ... Forty-some years ago, Leland Sycamore developed a recipe for making at commercial scale something that resembled homemade bread. To avoid the mass-produced look, the ...