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NM yearly job growth outpaces US rate

A now hiring sign in front of Adelante Development Center, Inc. at 3900 Osuna Road NE earlier this year in the spring. (Greg Sorber/Albuquerque Journal)

A now hiring sign in front of Adelante Development Center, Inc. at 3900 Osuna Road NE earlier this year in the spring. (Greg Sorber/Albuquerque Journal)

For the first time in more than six years, New Mexico added jobs at a faster rate than the United States as a whole over the last 12 months.

bright spotThe New Mexico Department of Workforce Solutions released May employment data that showed that the state added 15,900 additional non-agricultural jobs over the prior 12 months, good for a growth rate of 1.9 percent during that period. During the same window, the country as a whole posted a job growth rate of 1.5 percent. New Mexico’s job growth was the ninth-fastest in the country since May 2018, according to the state employment agency.

Bill McCamley, secretary of the state agency, said in a prepared statement that the recent job growth shows that the state’s long-suffering economy may finally be back on track.

“Too often New Mexico is ranked 49th or 50th in the good things our country measures, but this growth, particularly in the private sector, shows New Mexico is headed in the right direction and open for business,” McCamley said.

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