New Mexico's Unemployment Rate 4.6 Percent In November

by Reporter / Dec 28, 2018 / 0 comments

New Mexico's Unemployment Rate 4.6 Percent In November

New Mexico Department of Workforce Solution statistics show the seasonally adjusted unemployment rate was 4.6 percent in November 2018, unchanged from October and down from 6.0 percent a year ago. The national unemployment rate in November was 3.7 percent, unchanged from October and down from 4.1 percent in November 2017.

Total nonagricultural payroll employment grew by 18,100 jobs, or 2.1 percent, between November 2017 and November 2018. Most of the aggregate gains came from the private sector, which was up 17,200 jobs, or 2.6 percent. The public sector was up 900 jobs, or 0.5 percent. Growth was reported in both components of the private sector. The private service-providing industries were up 13,900 jobs, or

2.5 percent, while the goods-producing industries were up 3,300 jobs, representing a gain of 3.4 percent. Eight private supersector-level industries added jobs and one lost jobs.

Leisure and hospitality employment increased by 7,000 jobs, or 7.3 percent, reporting the largest numeric and percentage increase among all supersector-level industries. Mining and construction employment grew by 3,000 jobs, or 4.3 percent. Within this supersector, all growth occurred in construction, which was up 6.3 percent; mining reported no change in employment. Professional and business services employment was up 2,500 jobs, or 2.4 percent, over the year. Trade, transportation, and utilities was up 2,000 jobs, or 1.4 percent. Within this supersector, employment in transportation, warehousing, and utilities was up 1,700 jobs, or 6.7 percent; wholesale trade was up 400 jobs, or 1.9 percent; and retail trade reported a loss of 100 jobs, or 0.1 percent. Employment in education and health services increased by 1,500 jobs, or 1.1 percent. Within the supersector, health care and social assistance employment was up 1,400 jobs, or 1.2 percent, while educational services employment was up 100 jobs, or 0.5 percent. Employment in financial activities grew by 800 jobs, or 2.3 percent. Manufacturing employment grew by 300 jobs, or 1.1 percent. All growth occurred in non-durable goods manufacturing, which was up 600 jobs, or 5.1 percent, over the year. Durable goods manufacturing employment was down 300 jobs, or 2.0 percent, from November 2017. Employment in miscellaneous other services was up 200 jobs, or 0.7 percent.

Employment in the information industry decreased by 100 jobs, or 0.8 percent, over the year.

Within the public sector, local government was up 2,100 jobs, or 2.0 percent. Within this sector, local government education employment grew by 400 jobs, or 0.7 percent. State government employment decreased by 1,000 jobs, or 1.7 percent, despite state government edu- cation posting a gain of 300 jobs, or 1.1 percent. Federal government reported a loss of 200 jobs, or 0.7 percent.

Detailed analysis will be provided in the Labor Market Review scheduled for release on December 28.

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.

 

Text Box: Nonagricultural Wage and Salary Employment (Not Seasonally Adjusted)

 

 

NEW MEXICO

Preliminary

Nov-18

Revised

Oct-18

Revised

Nov-17

Change

Monthly            Yearly

TOTAL NONFARM EMPLOYMENT

Total Private

Goods-Producing

Mining, Logging & Construction Mining & Logging Construction

Manufacturing

Durable Goods

Non-Durable Goods

Service-Providing

Private Service-Providing

Trade, Transportation & Utilities

Wholesale Trade Retail Trade

Transportation, Warehousing & Utilities

Information Financial Activities

Professional & Business Services Education & Health Services

Educational Services

Health Care & Social Assistance

Leisure & Hospitality Other Services

Government

Federal Government State Government

State Government Education

Local Government

Local Government Education

860,900

668,400

99,400

72,200

21,300

50,900

27,200

14,900

12,300

761,500

569,000

140,800

21,800

92,100

26,900

11,700

35,500

108,200

142,200

21,900

120,300

102,400

28,200

192,500

28,800

56,500

26,400

107,200

55,600

861,200

670,000

100,100

72,400

21,900

50,500

27,700

14,900

12,800

761,100

569,900

138,400

22,000

90,500

25,900

11,300

35,400

110,200

142,000

22,100

119,900

104,200

28,400

191,200

28,900

56,300

26,300

106,000

54,800

842,800

651,200

96,100

69,200

21,300

47,900

26,900

15,200

11,700

746,700

555,100

138,800

21,400

92,200

25,200

11,800

34,700

105,700

140,700

21,800

118,900

95,400

28,000

191,600

29,000

57,500

26,100

105,100

55,200

-300

-1,600

-700

-200

-600

400

-500

0

-500

400

-900

2,400

-200

1,600

1,000

400

100

-2,000

200

-200

400

-1,800

-200

1,300

-100

200

100

1,200

800

18,100

17,200

3,300

3,000

0

3,000

300

-300

600

14,800

13,900

2,000

400

-100

1,700

-100

800

2,500

1,500

100

1,400

7,000

200

900

-200

-1,000

300

2,100

400

 

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