New Mexico’s Unemployment Rate 5.0 Percent In April

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New Mexico’s Unemployment Rate 5.0 Percent In April

New Mexico’s seasonally adjusted unemployment rate was 5.0 percent in April 2019, down from 5.1 percent in March 2019 and up from 4.9 percent in the previous year. The national unemployment rate in April was 3.6 percent, down from 3.8 percent in March 2019 and 3.9 percent in April 2018.

Total nonagricultural payroll employment grew by 13,000 jobs, or 1.5 percent, between April 2018 and April 2019. All aggregate gains came from the private sector, which was up 13,800 jobs, or 2.1 percent. The public sector was down 800 jobs, or 0.4 percent. Growth was reported in both components of the private sector. The private service-providing industries were up 8,000 jobs, or 1.4 percent, while the goods-producing industries were up 5,800 jobs, representing a gain of 5.9 percent. Six private industries added jobs, two lost jobs, and one reported employment that was unchanged from its April 2018 level.

Mining and construction reported the largest employment increase with a gain of 5,500 jobs, or 7.7 percent. Within mining and construction, mining added 3,000 jobs, which represented over-the-year growth of 12.4 percent. Construction was up 2,500 jobs, or 5.3 percent. Leisure and hospitality employment increased by 4,600 jobs, or 4.7 percent. Employment in education and health services increased by 3,100 jobs, or 2.2 percent. Most growth in the industry occurred within health care and social assistance, which was       up 2,500 jobs, or 2.1 percent; educational services employment was up 600 jobs, or 2.9 percent. Professional and business services employment was up 1,200 jobs, or 1.1 percent. Employment in miscellaneous other services increased by 600 jobs, or 2.1 percent. Aggregate manufacturing employment was up 300 jobs, or 1.1 percent, from its April 2018 level. Within this industry, durable goods manufacturing was up 200 jobs, or 1.3 percent, and non-durable goods manufacturing was up 100 jobs, or 0.9 percent.

Trade, transportation, and utilities was down 1,300 jobs, or 1.0 percent. Within the industry, employment in each of wholesale trade (down 3.8 percent) and retail trade (down 0.9 percent) decreased by 800 jobs; transportation, warehousing, and utilities reported a gain of 300 jobs, or 1.2 percent. Employment in information was down 200 jobs, or 1.7 percent. Employment in financial activities was unchanged from its level in April 2018.

Within the public sector, local government employment grew by 1,000 jobs, or 1.0 percent, with all gains coming from local government excluding education. Federal government reported a gain of 100 jobs, or 0.3 percent. State government employment decreased by 1,900 jobs, or 3.3 percent. Within state government, state government excluding education was up 300 jobs, or 1.0 percent, with state government education posting a loss of 2,200 jobs, or 8.3 percent.

Further analysis will be provided in the Labor Market Review scheduled for release on May 24.

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.