As of November, the area was still 11,100 jobs, or 2.8 percent off its peak in December 2007
BY DENNIS DOMRZALSKI
The Albuquerque metropolitan area added 7,200 jobs during the year that ended Nov. 30 for a 1.9 percent growth rate. It was the only one of the state’s four major metro areas that had jobs gains during the year.
Despite those gains, the four-county metro area has yet to regain all the jobs it lost during the recession. As of November, the area was still 11,100 jobs, or 2.8 percent off its peak in December 2007, according to the U.S. Bureau of Labor Statistics. In fact, only two of the area’s 10 industry sectors—education and health services, and leisure and hospitality—have surpassed their pre-recession employment levels.
In Las Cruces, employment fell by 1,200 jobs, or 1.7 percent; and in Farmington it was down by 1,100 jobs, or 2 percent. Santa Fe lost 300 jobs for a 0.5 percent decline.
Over the year, New Mexico added 3,000 jobs for a 0.4 percent growth rate.
In Albuquerque, the growth was led by the professional and business services sector, which added 4,000 positions for a 7 percent growth rate. The sector is considered the barometer of the economy because it includes lawyers, engineers, architects and other good-paying white collar positions.
Education and health services added 1,600 jobs for a 2.6 percent increase, and construction was up by 1,300 jobs, or 6.1 percent. Leisure and hospitality grew by 800 jobs, or 2 percent, and the information and other services sectors each added 100 jobs for gains of 1.3 percent and 0.8 percent respectively.
Manufacturing continued its long slide by losing 600 jobs, or 3.6 percent, while trade, transportation and warehousing shed 200 jobs for a 2 percent loss.
Here are the Albuquerque area’s major employment sectors and where they are compared to their pre-recession jobs levels:
Total nonfarm: -2.8 percent
Construction: -30.8 percent
Manufacturing: -35 percent
Trade, transportation & utilities: -9.7 percent
Information: -24.8 percent
Financial activities: -9 percent
Professional & business services: -8.5 percent
Education & health services: +30 percent
Leisure & hospitality: +2.5 percent
Other services: -7.8 percent
Government: -2.3 percent
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