New Mexico Economic Data

New Mexico’s seasonally adjusted unemployment rate was 6.6 percent in October 2013, down from 6.7 percent in September and also down from 6.8 percent a year ago.
The rate of over-the-year job growth, comparing October 2013 with October 2012, was 0.2 percent, representing a gain of 1,900 jobs. Eight industries added employment over the year, and five industries lost jobs.
The largest employment gains were reported in the financial activities industry, adding 3,000 jobs since this time last year. Gains in the leisure and hospitality industry have slowed to 2,200 jobs now that the peak tourism season is over. Both the construction and retail trade industries reported a gain of 600 jobs each. The mining industry added 500 jobs, continuing the moderating trend from a previously higher growth rate that was in the thousands.
The educational and health services industry lost 1,100 jobs. Manufacturing employment declined by 900 jobs. Government employment registered a net loss of 3,100 jobs since last year, with similar-sized losses reported at the federal and local levels.
Detailed analysis will be provided in the Labor Market Review scheduled for release on December 2.
New Mexico Department of Workforce Solutions – New Mexico Economic Data 11.22.13