new mexico labor market review may 2020

UT-4.8 AZ

-5.6 TX-7.1

OK-7.3 CO

-8.6 WY-9.2 NM

-10.3 US-11.8 CA

-13.0

NV-17.5

Volume 49 No. 5 Published June 26, 2020

LABOR MARKET REVIEW

MAY 2020

NEW MEXICO

Unemployment

Employment

New Mexico Business Employment Dynamics: Third Quarter 2019

New Mexico Data Focus: Gross Domestic Product

Indicators Report

2-3

4-6

7

8-10

11-13The New Mexico Labor Market Review (LMR) presents the most up-to-date labor market highlights and happenings. The LMR is produced and published monthly and includes data on the labor force, jobs, and unemployment for the state and select substate areas. Additional information and historical data are available at our website: www.dws.state.nm.us/LMI.

9.2% - 88,100 jobs / -10.3%Unemployment Rate

Governor Michelle Lujan Grisham Secretary Bill McCamley

Over-the-Year Change in Total Nonfarm Employment

Local Area Unemployment Statistics

LABOR MARKET REVIEW MAY 20202

83,139

821,900

Unemployment Rate

9.2%

May2020

Employed

Unemployed

New Mexico’s seasonally adjusted unemployment rate (based on the Current Population Survey, also known as the household survey) was 9.2 percent in May 2020, down from 11.9 percent in April 2020 and up from 4.9 percent in May 2019. The national unemployment rate in May was 13.3 percent, down from 14.7 percent in April and up from 3.6 percent last year.

Statewide Unemployment

New Mexico’s unemployment rate of 9.2 percent is a large drop from April’s high of 11.9 percent, but is still greater than the largest rate during the Great Recession. The unemployment rate reached 8.3 percent in May, June, and July 2010, almost a full percentage point below the current rate.

The labor force decreased by 46,631 from a year earlier. People who were neither ill nor quarantined but said that they did not work “because of the coronavirus” were considered unemployed. If someone stated that they are employed or furloughed at an establishment that closed because of the coronavirus, he/she is considered unemployed, even if that person got paid for the week.

Highlights

May 2020 Seasonally Adjusted

Employment and Unemployment

January 2010 to May 2020Unemployment Rate

Employed 807,804 Employed 904,857Unemployed 108,706 Unemployed 46,813

May 2019April 2020

11.9%Rate

4.9%Rate

NM9.2

US13.3

02468

10121416

10 11 12 13 14 15 16 17 18 19 20

0

30

60

90

120

750

800

850

900

950

10 11 12 13 14 15 16 17 18 19 20

EmploymentUnemployment

I n thousands

May 20 Apr 20 May 19

GenderFemale 5.5% 5.2% 4.7%

Male 6.4% 5.9% 5.2%

Age16–19 19.2% 19.2% 16.2%20–24 10.2% 10.1% 10.1%25–34 6.5% 6.0% 5.4%35–44 5.4% 4.9% 3.5%45–54 3.8% 3.2% 3.1%55–64 4.3% 3.9% 2.7%65+ 4.6% 4.3% 4.9%

RaceWhite 5.3% 4.9% 4.4%Black 9.6% 8.1% 7.3%

Hispanic 6.6% 6.3% 4.7%

Current Population Survey (CPS)For persons 16 and older, 12-month moving average

New Mexico Unemployment Rates byDemographic Category

Local Area Unemployment Statistics

3LABOR MARKET REVIEW MAY 2020

Substate Unemployment

At 13.6 percent, Luna County had New Mexico’s highest (not seasonally adjusted) unemployment rate, followed by Taos County (12.1 percent) and San Juan County (10.3 percent).

Harding County had the lowest unemployment rate in the state, at 3.0 percent. Los Alamos County had the next lowest unemployment rate (3.6 percent) followed by De Baca County (3.7 percent).

The only county with an over-the-year decrease was Harding County (1.1 percentage points), while Taos County had the largest over-the-year increase (6.1 percentage points).

Highlights

The Las Cruces MSA’s rate of 8.5 percent was the lowest rate of the MSAs and the only MSA below the state’s not seasonally adjusted rate of 8.8 percent. Farmington had the highest unemployment rate among the MSAs (10.3 percent), followed by Santa Fe (9.4 percent) and Albuquerque (9.2 percent).

The unemployment rate for the Santa Fe MSA had the largest increase, rising by 5.7 percentage points since May 2019. The Farmington MSA had an unemployment rate increase of 5.4 percentage points over the year while the rate for the Albuquerque MSA increased by 5.0 percentage points. The Las Cruces MSA had the smallest unemployment rate increase, up 3.2 percentage points over the year.

May 2020 Not Seasonally Adjusted

For more LAUS data and to customize what you see, visit the Local Area Unemployment Statistics Dashboard at:

https://www.dws.state.nm.us/Labor-Market-Information/Data-Statistics-Dashboards/

Labor-Force-Unemployment

For customized data that you can analyze, visit LASER at: www.jobs.state.nm.us/analyzer

LAUS publishes estimates of the civilian labor force, employment, and unemployment monthly. Data measure persons 16 years old and older who are employed or actively seeking employment.

Unemployment Rate %

Area May 20 Apr 20 May 19CountiesBernalillo 9.2 12.4 4.1 5.1

Catron 5.8 7.2 5.2 0.6Chaves 7.9 9.8 4.4 3.5Cibola 8.5 9.1 5.5 3.0Colfax 6.8 9.0 4.8 2.0Curry 5.1 6.4 3.8 1.3

De Baca 3.7 4.5 3.7 0.0Doña Ana 8.5 11.6 5.3 3.2

Eddy 5.6 6.3 2.8 2.8Grant 8.7 6.9 4.3 4.4

Guadalupe 5.7 6.6 5.3 0.4Harding 3.0 3.1 4.1 -1.1Hidalgo 4.3 4.7 3.6 0.7

Lea 8.6 9.0 3.6 5.0Lincoln 9.9 13.4 3.9 6.0

Los Alamos 3.6 5.0 3.0 0.6Luna 13.6 17.3 11.1 2.5

McKinley 8.6 10.4 6.2 2.4Mora 7.3 8.7 5.0 2.3Otero 9.0 11.9 4.6 4.4Quay 5.8 6.8 4.9 0.9

Rio Arriba 8.0 10.7 4.6 3.4Roosevelt 5.2 6.3 4.1 1.1Sandoval 9.8 13.1 4.4 5.4San Juan 10.3 13.2 4.9 5.4

San Miguel 7.8 10.2 5.4 2.4Santa Fe 9.4 12.5 3.7 5.7

Sierra 9.3 11.8 6.8 2.5Socorro 6.3 8.3 5.2 1.1

Taos 12.1 15.9 6.0 6.1Torrance 8.8 11.5 6.0 2.8

Union 4.5 5.6 3.2 1.3Valencia 8.1 10.6 4.9 3.2

MSAsAlbuquerque 9.2 12.3 4.2 5.0

Farmington 10.3 13.2 4.9 5.4Las Cruces 8.5 11.6 5.3 3.2

Santa Fe 9.4 12.5 3.7 5.7

OTY Chg

Current Employment Statistics


Over the year, New Mexico’s total nonagricultural employment decreased by 88,100 jobs, or 10.3 percent. This is an improvement from last month’s decline which was the largest in the history of the series. For the second month in a row, all nine major industry sectors reported employment decreases over the year, with the largest job losses in leisure and hospitality.

Statewide Industry Employment Growth

Leisure and hospitality reported a loss of 37,900 jobs, or 37.8 percent. Employment in trade, transportation, and utilities fell by 10,300 jobs, or 7.6 percent. Within the industry, retail trade was down 8,200 jobs, or 9.2 percent; transportation, warehousing, and utilities was down 2,200 jobs, or 8.6 percent; and wholesale trade was up 100 jobs, or 0.5 percent. Education and health services was down 9,800 jobs, or 6.9 percent. Professional and business services employment was down 9,000 jobs, or 8.1 percent. Miscellaneous other services employment decreased by 5,300

Highlightsjobs, or 18.3 percent. Employment in mining and construction was down 4,400 jobs, or 5.8 percent. All losses in mining and construction came from mining, which contracted by 5,600 jobs, or 21.6 percent. Construction employment was up 1,200 jobs, or 2.4 percent, over the year. Manufacturing employment was down 3,900 jobs, or 13.7 percent. Information (down 17.7 percent) and financial activities (down 5.6 percent) each reported a loss of 2,000 jobs.

May 2020 Not Seasonally Adjusted

2012 to 2020 Annual Average Over-the-Year Change

Annual average for 2020 is year-to-date

New Mexico

0.9 1.0

0.8

0.1 0.4 1.

51.

6-4

.0

13 14 15 16 17 18 19

20

Total NonfarmGrowth Rate (%)

8.0

8.7

8.1

1.7 5.

3 12.5

11.6

-35.

4

13 14 15 16 17 18 19

20

Private-SectorJobs (1000s)

-1.0 -0

.1-1

.8-0

.4-1

.9-0

.21.

50.

8

13 14 15 16 17 18

19 20

GovernmentJobs (1000s)

TOTAL NONFARM 770,300 6,400 -88,100 -10.3Total Private 584,300 7,800 -84,600 -12.6

Private Service-Providing 488,800 5,000 -76,300 -13.5

Goods-Producing 95,500 2,800 -8,300 -8.0Mining & Construction 71,000 1,500 -4,400 -5.8

Mining & Logging 20,300 -400 -5,600 -21.6Construction 50,700 1,900 1,200 2.4

Manufacturing 24,500 1,300 -3,900 -13.7Durable Goods 12,700 500 -3,100 -19.6Non-Durable Goods 11,800 800 -800 -6.3

Service-Providing 674,800 3,600 -79,800 -10.6Trade, Transportation & Utilities 125,900 400 -10,300 -7.6

Wholesale Trade 21,400 -200 100 0.5Retail Trade 81,000 400 -8,200 -9.2Transp., Warehousing & Utilities 23,500 200 -2,200 -8.6

Information 9,300 -100 -2,000 -17.7Financial Activities 33,500 700 -2,000 -5.6Professional & Business Services 102,200 -900 -9,000 -8.1Education & Health Services 132,000 -800 -9,800 -6.9

Educational Services 19,700 0 -1,900 -8.8Health Care & Social Assistance 112,300 -800 -7,900 -6.6

Leisure & Hospitality 62,300 4,800 -37,900 -37.8Other Services 23,600 900 -5,300 -18.3

Government 186,000 -1,400 -3,500 -1.8Federal Government 30,000 100 800 2.7State Government 55,200 -1,300 400 0.7

State Government Education 23,200 -1,200 -600 -2.5Local Government 100,800 -200 -4,700 -4.5 Local Government Education 51,400 -500 -2,900 -5.3

CHAN

GE

Industry Jobs Monthly Annual Change from May 19Change Number Percent



Highlights

In the public sector, local government was down 4,700 jobs, or 4.5 percent. Employment in state government rose by 400 jobs, or 0.7 percent. Federal government reported a gain of 800 jobs, or 2.7 percent.

Over the year, the Albuquerque MSA shed 40,000 jobs in total nonfarm employment, representing a loss of 10.0 percent. The following private sector industries lost jobs: leisure and hospitality, down 15,000 jobs, or 33.1 percent; trade, transportation, and utilities, down 6,700 jobs, or 10.6 percent; education and health services, down 6,500 jobs, or 9.8 percent; professional and business services, down 3,500 jobs, or 5.5 percent; manufacturing, down 3,000 jobs, or 18.1 percent; miscellaneous other services, down 2,000 jobs, or 16.5 percent; information (down 9.7 percent), financial activities (down 3.1 percent), and mining and construction (down 2.4 percent) each shed 600 jobs.

In the public sector, local government was down 1,600 jobs, or 3.9 percent, state government was down 300 jobs, or 1.1 percent, and federal government was up 400 jobs, or 2.8 percent.

The Las Cruces MSA total nonfarm employment was down 6,600 jobs, or 8.9 percent. Leisure and hospitality was down 3,800 jobs, or 43.7 percent. The following private industries also reported losses:

Metro Industry Employment GrowthMay 2020

Not Seasonally Adjusted

May 19 to May 20 Over-the-Year % Change

Albuquerque MSA

Las Cruces MSA

-10.

3

-10.

0

-13.

0

-8.9

-13.

3

-12.

6

-12.

1

-14.

3 -11.

5

-16.

9

-1.8

-1.8

-8.8

-1.5

-2.5

NM ABQ FRM LC SF

Total Private Public

Industry Jobs Annual # %Total Nonfarm 359,500 6,300 -40,000 -10.0Mining & Construction 24,000 600 -600 -2.4Manufacturing 13,600 400 -3,000 -18.1Trade, Transp. & Utilities 56,400 -100 -6,700 -10.6Information 5,600 0 -600 -9.7Financial Activities 18,700 500 -600 -3.1Prof. & Business Svcs 60,200 600 -3,500 -5.5Education & Health Svcs 60,000 500 -6,500 -9.8Leisure & Hospitality 30,300 3,600 -15,000 -33.1Other Svcs 10,100 300 -2,000 -16.5Government 80,600 -100 -1,500 -1.8

Monthly

CH

AN

GE

-13.5-11.5-9.5-7.5-5.5-3.5-1.50.52.54.5

09 10 11 12 13 14 15 16 17 18 19 20

US NM Albuquerque

Over-the-Year Growth Rates (%)

Industry Jobs Annual # %Total Nonfarm 67,800 900 -6,600 -8.9

Mining & Construction 3,900 100 100 2.6

Manufacturing 2,800 100 100 3.7

Trade, Transp. & Utilities 10,200 0 -600 -5.6

Information 600 0 0 0.0

Financial Activities 2,500 200 -100 -3.8

Prof. & Business Svcs 6,900 -200 -1,000 -12.7

Education & Health Svcs 15,400 0 -700 -4.3

Leisure & Hospitality 4,900 500 -3,800 -43.7

Other Svcs 1,200 0 -300 -20.0

Government 19,400 200 -300 -1.5

MonthlyCH

ANG

E


-13.5-11.5-9.5-7.5-5.5-3.5-1.50.52.54.5

09 10 11 12 13 14 15 16 17 18 19 20

US NM Las Cruces



Metro Industry Employment Growth

Highlightsprofessional and business services, down 1,000 jobs, or 12.7 percent; education and health services, down 700 jobs, or 4.3 percent; trade, transportation, and utilities down 600 jobs, or 5.6 percent; miscellaneous other services down 300 jobs, or 20.0 percent; financial activities down 100 jobs, or 3.8 percent. Manufacturing (up 3.7 percent) and mining and construction (up 2.6 percent) each added 100 jobs. In the public sector, a gain of 100 jobs, or 3.0 percent, in federal government was offset by losses of 300 jobs, or 4.2 percent, in state government and 100 jobs, or 1.1 percent, in local government.

Total nonfarm employment in the Santa Fe MSA was down 8,600 jobs, or 13.3 percent. Most losses were in the private sector, which was down 8,200 jobs, or 16.9 percent.

In the private sector, leisure and hospitality reported a loss of 5,100 jobs, or 45.1 percent. Trade, transportation, and utilities was down 1,400 jobs, or 14.1 percent. Miscellaneous other services was down 900 jobs, or 24.3 percent. Education and health services was down 500 jobs, or 4.5 percent. Professional and business services was down 200 jobs, or 3.7 percent. In the public sector, a gain of 100 jobs, or 1.3 percent, in state government was offset by a loss of 500 jobs, or 6.8 percent, in local government. Employment in federal government was unchanged.

The Farmington MSA’s total nonfarm employment was down 6,300 jobs, or 13.0 percent. The private sector was down 5,300 jobs, or 14.3 percent. The public sector was down 1,000 jobs, or 8.8 percent. All losses occurred in local government, which was down 1,000 jobs, or 10.8 percent.

Santa Fe MSA

Farmington MSA

May 2020

Not Seasonally Adjusted(Continued)

For more CES data, visit our dashboard:

https://www.dws.state.nm.us/en-us/R e s e a r c h e r s / D a t a / E m p l o y m e n t-Industry

For customized data, visit LASER at: www.jobs.state.nm.us/analyzer

Industry Jobs Annual # %Total Nonfarm 56,200 1,300 -8,600 -13.3

Mining & Construction 3,000 200 0 0.0

Manufacturing 800 0 0 0.0

Trade, Transp. & Utilities 8,500 100 -1,400 -14.1

Information 800 -100 -100 -11.1

Financial Activities 2,400 0 0 0.0

Prof. & Business Svcs 5,200 100 -200 -3.7

Education & Health Svcs 10,600 -300 -500 -4.5

Leisure & Hospitality 6,200 900 -5,100 -45.1

Other Svcs 2,800 200 -900 -24.3

Government 15,900 200 -400 -2.5

Monthly

CH

AN

GE


-14.5

-9.5

-4.5

0.5

5.5

09 10 11 12 13 14 15 16 17 18 19 20

US NM Santa Fe

Industry Jobs Annual # %Total Nonfarm 42,000 700 -6,300 -13.0Goods-Producing 7,900 100 -2,100 -21.0

Private Service-Providing 23,800 700 -3,200 -11.9

Government 10,300 -100 -1,000 -8.8CHA

NGE

Monthly


-15.0

-10.0

-5.0

0.0

5.0

10.0

09 10 11 12 13 14 15 16 17 18 19 20

US NM Farmington


Special Article

Business Employment Dynamics (BED) data tracks gross and net job gains and job losses of private businesses to help understand the dynamic changes of the labor market in a specific area. It is updated quarterly by the U.S. Bureau of Labor Statistics. All data shown below are seasonally adjusted and for New Mexico. More information on the BED program, including the data, can be found at https://www.bls.gov/bdm.

New Mexico Business Employment Dynamics: Third Quarter 2019

35,000

39,000

43,000

47,000

51,000

55,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Recession Gross Job Gains Gross Job Losses

Gross Job Gains and Losses

25,000

29,000

33,000

37,000

41,000

45,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Recession Expansions Contractions

Job Gains Due to Expansions and Job Losses Due to Contractions

5,000

7,000

9,000

11,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Recession Openings Closings

Job Gains Due to Openings and Job Losses Due to Closings

Gross Job Gains

43,749Net Gains3,806 jobs

(gains - losses)

Job Churn83,692 jobs

(gains + losses) Gross Job Losses 39,943

7,503

9,121

32,440

34,628

Job Losses due toClosings

Job Gains due toOpenings

Job Losses due toContractions

Job Gains due toExpansions

Components of Job Change

4,433

1,280

6,200

1,611

Job Losses due toEstablishment Deaths

Establishment Deaths

Job Gains due toEstablishment Births

Establishment Births

* The Bureau of Labor Statistics waits three quarters to confirmthat an establishment death is permanent.Establishment death data is from the fourth quarter 2018.

Job Change due to Establishment Births and Deaths

Change from Fourth Quarter 2008 to Third Quarter 2019Change from Second Quarter 2019 to

Third Quarter 2019 *

Expanding establishments are existing firms with a net over-the-quarter increase in employment.

Contracting establishments are existing firms with a net over-the-quarter decrease in employment.

Opening establishments are those with positive current quarter employment either for the first time (births) or after zero employment in the previous quarter (reopenings).

Closing establishments are those with positive employment in the previous quarter and with zero employment in the current quarter. (Closings may be either deaths or temporary closings.) * The Bureau of Labor Statistics waits three quarters to determine whether an establishment death is a permanent closing or a temporary shutdown. Because of this, there is always a lag of three quarters for the publication of death statistics. This month’s establishment deaths occurred between the third quarter and the fourth quarter 2018.

Mark Flaherty, Economist


Data Focus

The U.S. Bureau of Economic Analysis (BEA) publishes data on the Gross Domestic Product (GDP). GDP is a measure of the U.S. economy and its growth; a value of the goods and services produced within an area, less the value of goods and services consumed during production. The BEA’s most recent data for New Mexico’s real GDP was roughly $97.1 billion for 2019 and $19.1 trillion for the United States. New Mexico’s GDP represents a share of 0.5 percent of the nation’s total, and this share has not changed since 2012. To learn more about GDP, please visit https://www.bea.gov/data/gdp.

Since the Great Recession, the fastest growth in real New Mexico GDP occurred in 2019, when it increased 3.7 percent from the previous year, a growth rate over one and a half times that of the nation (2.3 percent).

New Mexico Data Focus: Gross Domestic ProductJustin Welby, Economist

Percentage Change in Real GDP by State, 2018–2019U.S. Percent Change: 2.3%

AK AL

AR AZ

CA

CO CT

DC DE FL GA HI

IA ID IL IN KS

KY LA MA

MD

ME MI

MN

MO MS

MT

NC

ND NE

NH NJ

NM NV

NY

OH

OK

OR PA RI

SC SD TN TX US UT

VA VT WA WI

WV

WY


Data Focus

-0.1-2.5

2.61.6

2.2 1.82.5 2.9

1.62.4

2.92.3

-0.6

2

-0.8

0.2 0.5

-1.3

3.22.2

0.1 0.12.5

3.7

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Year–Over–Year Percentage Change in Real GDPUnited States New Mexico

0.5%0.6%0.7%1.6%1.9%2.1%2.5%2.6%2.8%2.8%3.0%3.1%3.2%

4.3%5.7%

7.2%7.3%

11.9%16.8%

21.0%

Educational ServicesManagement of CompaniesEntertainment & Recreation

UtilitiesOther Services (Non-Public)

Agriculture & ForestryTransportation & Warehousing

Admin & Waste ServicesFinance & Insurance

Accommodation & Food ServicesConstruction

Wholesale TradeInformation

ManufacturingRetail Trade

Professional & Technical Serv.Health Care & Social Asst.

Real Estate & Rental & LeasingMining, Oil & Gas

Public Administration

New Mexico Share of Real GDP by Industry 2019

-0.6%-0.5%-0.3%

0.3%0.4%0.5%1.2%1.3%2.5%2.6%3.0%3.0%3.7%3.8%

5.6%6.0%6.5%7.7%

18.1%21.9%

Other Services (Except Public Admin)Transportation & Warehousing

Accommodation & Food ServicesRetail Trade

Educational ServicesConstruction

Public AdministrationReal Estate & Rental & Leasing

Health Care & Social Asst.Entertainment & Recreation

Wholesale TradeProfessional & Technical Services

InformationManufacturing

UtilitiesFinance & Insurance

Admin & Waste ServicesManagement of Companies

Mining, Oil & GasAgriculture & Forestry

Percent Change in Real GDP by Industry, 2018–2019


Data Focus

AL

AK AZ

AR

CA

CO CT

DE

DC FL GA HI

ID IL IN IA KS

KY LA ME

MD

MA MI

MN

MS

MO MT

NE

NV

NH NJ

NM NY

NC

ND

OH

OK

OR PA RI

SC SD TN TX US UT VT VA WA

WV WI

WY

Government represented the largest share of New Mexico’s real GDP in 2019 (21.0 percent), followed by mining, oil, and gas (16.8 percent). From 2018 to 2019, GDP increased for 17 industries and fell for three. While agriculture and forestry had the fastest growth rate (18.1 percent), it had the second largest numerical increase ($364.6 million). Mining and oil and gas grew the most among all industries – $2.5 billion – and was responsible for 71.7 percent of New Mexico’s over-the-year growth in GDP.

New Mexico’s per capita real GDP was $46,304 in 2019, 20.3 percent lower than the national rate of $58,107. Washington, DC, at $178,442, had the highest rate.


Indicators Report

Key Labor Market Indicators for New Mexico

Labor Force & Unemployment

Labor Force Participation Rate (%)

Jan 10-May 20Employment-to-Population Ratio (%)

Jan 10-May 20

Initial Unemployment Insurance Claims Jan 08-May 20

Continued Weeks Claimed, Unemployment Insurance

Jan 08-May 20

May Apr May Percentage Change (%)19 19 18 OTM OTY 2 yr 5 yr

NM 34,167 37,591 35,905 -9.1 -4.8 -23.7 -46.2

NM Department of Workforce SolutionsNumber of weeks claimed for UI benefits or waiting week credit

20,000

48,000

76,000

104,000

132,000

160,000

08 09 10 11 12 13 14 15 16 17 18 19

May Apr May Percentage Point Change20 20 19 OTM OTY 2 yr 5 yr

US 60.8 60.2 62.8 0.6 -2.0 -2.0 -2.1NM 54.9 55.6 58.1 -0.7 -3.2 -2.6 -3.2

Local Area Unemployment Statistics (LAUS)Seasonally adjusted

NM

US

54

56

58

60

62

64

66

10 11 12 13 14 15 16 17 18 19 20


US 52.8 51.3 60.6 1.5 -7.8 -7.6 -6.6NM 49.9 49.0 55.2 0.9 -5.3 -4.8 -4.4

Local Area Unemployment Statistics (LAUS)Seasonally adjusted

US

48

50

52

54

56

58

60

62

10 11 12 13 14 15 16 17 18 19 20

NM


NM 28,341 61,652 4,028 -54.0 603.6 601.3 412.4

NM Department of Workforce SolutionsNew claim applications

28,341

0

10,000

20,000

30,000

40,000

50,000

60,000

08 09 10 11 12 13 14 15 16 17 18 19 20


NM 454,851 300,387 34,167 51.4 1,231.3 1,166.8 677.3

454,851

0

100,000

200,000

300,000

400,000

500,000

08 09 10 11 12 13 14 15 16 17 18 19 20


Indicators Report

Key Labor Market Indicators for New Mexico (Continued)

Employment, Hours & Earnings

Seasonally Adjusted Employment Jan 08-May 20

Average Weekly HoursJan 08-May 20

People Entering and Leaving the WorkforceJan 10-May 20

Average Hourly EarningsJan 08-May 20


Total Entrants 19.9 21.1 23.3 -1.2 -3.4 -0.6 -12.7New Entrants 6.0 5.9 5.5 0.1 0.5 1.9 -1.8Job Losers 25.2 20.5 11.7 4.7 13.5 9.9 8.7Job Leavers 7.9 7.3 6.7 0.6 1.2 1.1 2.1

Current Population Survey (CPS)12-month moving average, thousands

Job Losers

Job Leavers

New Entrants

Total Entrants

0

10

20

30

40

50

10 11 12 13 14 15 16 17 18 19 20


US 132,912 130,403 150,577 1.9 -11.7 -10.6 -6.1NM 767.8 762.3 852.1 0.7 -9.9 -8.7 -7.1

Current Employment Statistics (CES)Seasonally adjusted, in thousands

US

NM

760

780

800

820

840

860

880

125,000

130,000

135,000

140,000

145,000

150,000

155,000

08 09 10 11 12 13 14 15 16 17 18 19 20

May Apr May Change in Hours20 20 19 OTM OTY 2 yr 5 yr

US 34.6 34.1 34.3 0.5 0.3 0.2 0.2NM 33.7 33.4 33.6 0.3 0.1 -0.2 0.0

Current Employment Statistics (CES)Private establishments, not seasonally adjusted

NM

US33

34

35

36

37

08 09 10 11 12 13 14 15 16 17 18 19 20

May Apr May Change in Dollars20 20 19 OTM OTY 2 yr 5 yr

US $29.66 $30.10 $27.78 -$0.44 $1.88 $2.76 $4.78NM $24.18 $24.16 $22.84 $0.02 $1.34 $2.28 $3.69

Current Employment Statistics (CES)Private establishments, not seasonally adjusted

NM

US

15

18

21

24

27

30

08 09 10 11 12 13 14 15 16 17 18 19 20


Indicators Report

Key Labor Market Indicators for New Mexico (Continued)

Online Job Postings

Online Job Postings (1000s)

Jan 08-May 20Unemployment per Online Job PostingJan 08-May 20

Industries with the Most Online Job PostingsMay 2020

Occupations with the Most Online Job PostingsMay 2020

May Apr. May Percentage Change (%)20 20 19 OTM OTY 2 yr 5 yr

NM 40,763 43,625 61,471 -6.6 -33.7 -31.2 -36.3

NM Department of Workforce SolutionsJob postings from the Workforce Connection Online System

20,000

30,000

40,000

50,000

60,000

70,000

08 09 10 11 12 13 14 15 16 17 18 19 20

May Apr. May Percentage Point Change20 20 19 OTM OTY 2 yr 5 yr

NM 1.9 2.4 0.7 -19.0 177.9 1.3 1.0

NM Department of Workforce SolutionsJob postings from the Workforce Connection Online System and unemployment estimates from

the Local Area Unemployment Statistics (LAUS) program

0.0

1.0

2.0

3.0

4.0

08 09 10 11 12 13 14 15 16 17 18 19 20

Top IndustriesElementary & Secondary Schools 3,235General Medical & Surgical Hospitals 2,425Colleges, Universities, & Professional Schools 1,166Engineering Services 902Psychiatric & Substance Abuse Hospitals 821Legislative Bodies 781Nursing Care Facilities 609Other Outpatient Care Centers 561Home Health Care Services 537Computer Systems Design & Related Services 528

NM Department of Workforce SolutionsRounded job postings from the Workforce Connection Online System

Top OccupationsRegistered Nurses 3,200Physicians & Surgeons, All Other 720Retail Salespersons 527Licensed Practical & Licensed Vocational Nurses 523Customer Service Representatives 515Speech-Language Pathologists 482Nursing Assistants 439Laborers & Freight, Stock, & Material Movers 432Physical Therapists 369Teachers & Instructors, All Other 365

NM Department of Workforce SolutionsRounded job postings from the Workforce Connection Online System

This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.

Contributors & Contact Information

The New Mexico Labor Market Review is a monthly publication from the New Mexico Department of Workforce Solutions, Economic Research & Analysis Bureau.

Ricky Serna, Deputy Cabinet Secretary

Rachel Moskowitz, Bureau Chief

Stacy Johnston, Acting Public Information Officer

Contributing Economists Michelle Doran Mark Flaherty Nathan Friedman Julie Larrañaga Bob Richards Justin Welby

Contact UsEconomic Research & Analysis Bureau

[email protected](505) 383-2729

NMDWS/Connect with us

New Mexico Department of Workforce SolutionsEconomic Research & Analysis Bureau (CC6097)P.O. Box 1928Albuquerque, NM 87102

Official BusinessPenalty for Private Use, $300

new mexico labor market review may 2020

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