New Mexico Loses 800 Jobs in September as Unemployment Holds at 4.7%
Updated
Updated · organmountainnews.com · Oct 24
New Mexico Loses 800 Jobs in September as Unemployment Holds at 4.7%
1 articles · Updated · organmountainnews.com · Oct 24
Summary
About 800 payroll jobs disappeared between August and September in seasonally adjusted federal data, even though New Mexico still posted roughly 11,200 jobs in annual growth.
The mixed picture stems from different measures: the governor's office highlighted unadjusted year-over-year gains of 1.3%, while the Joint Economic Committee used adjusted data showing a monthly decline after August's 3,200-job increase.
September's unemployment rate stayed at 4.7%, up from 4.2% a year earlier, while labor-force participation slipped to 56.6% from 56.7% in August.
Construction added 1,000 jobs during the month, but private education and health services lost 700 and trade, transportation and utilities lost another 700.
Over 12 months, health care added 3,700 jobs and construction 2,800, helping New Mexico rank seventh nationally for annual job growth despite weaker monthly momentum.