News Column

Jobless Rate Drops in 40 States

May 20, 2013

Unemployment rates in 40 U.S. states including New Mexico decreased last month, with the declines showing job markets are improving in most areas of the country, according to the U.S. Labor Department and state Department of Workforce Solutions.

New Mexico's rate of overthe-year job growth, comparing April 2013 with April 2012, was 1.0 percent, representing a gain of about 7,900 jobs, Workforce Solutions reported Friday.

April 2008, five years ago, was the last time over-the-year employment growth was at or above the 1 percent line, the department said.

Nine industries added employment, while three industries lost jobs over the year. The transportation, warehousing, and utilities industry reported no change in the number of jobs.

The largest employment gains were reported by the leisure and hospitality industry, which added 2,500 jobs since April of last year. The construction industry reported the best over-the-year numbers since 2006, gaining 1,800 jobs. On the downside, the professional and business services industry reported the loss of 1,500 jobs.

New Mexico's unemployment rate dropped to 6.7 percent in April from 6.9 percent in March.

A primary reason for falling unemployment rates around the country remains that more Americans have stopped looking for work, rather than found jobs, the Bureau of Labor Statistics reported. ()

The Associated General Contractors noted in a news release Friday that New Mexico was finally among the 29 states adding construction jobs, adding 1,000 in April from March and almost 2,000 on a year-over-year basis.

The Labor Department report said 30 states added jobs in April, while 18 reported fewer jobs.

Nationwide, employers added 165,000 jobs in April and the unemployment rate fell to a four-year low of 7.5 percent.

The Associated Press contributed to this report.


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Source: Copyright Albuquerque Journal (NM) 2013

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