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New Mexico added 15,500 jobs in August over the year

ALBUQUERQUE, N.M. — New Mexico’s seasonally adjusted unemployment rate clocked in at 4.9 percent in August, unchanged from the previous month but up from 4.8 percent in August of last year, the state Department of Workforce Solutions reported Friday.

The national unemployment rate in August was 3.7 percent, unchanged from the previous month.

New Mexico did add 15,500 jobs, or 1.8 percent, between August 2018 and August 2019 in nonagricultural payroll employment, according to a department news release.

The private sector grew by 11,600 jobs, or 1.8 percent, with the public sector adding 3,900 jobs, or 2.1 percent, officials said.

Mining and construction — which includes oil and gas operations in the state — again reported the largest employment increase, this time with a gain of 5,200 jobs, or 7.2 percent, the state said.

Leisure and hospitality employment was up by 4,000 jobs, or 4.0 percent, with professional and business services employment adding 2,200 jobs, or 2.0 percent.

Employment in education and health services increased by 2,100 jobs, or 1.5 percent.

Financial activities reported a gain of 1,200 jobs, or 3.5 percent, with manufacturing employment up by 100 jobs, or 0.4 percent, from its August 2018 level, according to the release.

Trade, transportation, and utilities lost some 2,400 jobs, or 1.7 percent, with retail trade in the sector dropping by 2,100 jobs, or 2.3 percent.

Within the public sector, local government employment grew by 4,000 jobs, or 4.0 percent. The federal government sector showed a gain of 700 jobs, or 2.4 percent, with state government decreasing by 800 jobs, or 1.5 percent.

The state is expected to provide further analysis it its Labor Market Review scheduled for release on September 27.

Data can be found online at the following locations: www.dws.state.nm.us (under “Labor Market Information/Data, Statistics &

Dashboards”) and www.jobs.state.nm.us/analyzer.

 

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