FOR MORE INFORMATION:
Contact: Stacy Johnston (505) 250-3926
New Mexico Department of Workforce Solutions
Office of the Secretary
Economic Research & Analysis Bureau
PO Box 1928, Albuquerque, NM 87103
Complete News Release in PDF format
May 22, 2020
New Mexico’s seasonally adjusted unemployment rate was 11.3 percent in April 2020, up from 6.3 percent in March and up from 5.0 percent the previous year. The national unemployment rate in April was 14.7 percent, up from 4.4 percent in March and up from 3.6 percent in April 2019. These changes, and the changes in payroll employment below, reflect the effects of the coronavirus (COVID-19) pandemic and efforts to contain it.
Total nonagricultural payroll employment fell by 90,800 jobs, or 10.6 percent, between April 2019 and April 2020. The April over-the-year decline is the largest in the history of the series and brought employment to its lowest level since February 2003 (the series dates back to 1939). Losses came from both the public and the private sector. The private sector was down 87,600 jobs, or 13.2 percent. The public sector was down 3,200 jobs, or 1.7 percent. Losses were reported in both components of the private sector. The private service-providing industries were down 80,000 jobs, or 14.2 percent, while the goods-producing industries were down 7,600 jobs, representing a decrease of 7.4 percent.
Employment fell sharply in all nine major industry sectors, with particularly heavy job losses in leisure and hospitality. Employment in the industry dropped to a level of 55,700 jobs, representing a decrease of 44,000 jobs, or 44.1 percent, compared to the previous year. Employment in education and health services fell by 10,300 jobs, or 7.3 percent. Within this industry, health care and social assistance was down 8,400 jobs, or 7.0 percent, while educational services was down 1,900 jobs, or 8.8 percent. Trade, transportation, and utilities was down 9,300 jobs, or 6.8 percent. Within the industry, retail trade employment decreased by 8,500 jobs, or 9.5 percent; transportation, warehousing, and utilities was down 1,200 jobs, or 4.7 percent; and wholesale trade was up 400 jobs, or 1.9 percent. Professional and business services employment was down 7,700 jobs, or 6.9 percent. Miscellaneous other services employment decreased by 5,800 jobs, or 20.4 percent. Manufacturing employment was down 4,600 jobs, or 16.4 percent, from its April 2019 level. Within this industry, durable goods manufacturing was down 3,300 jobs, or 21.2 percent, and non-durable goods manufacturing was down 1,300 jobs, or 10.5 percent. Employment in mining and construction was down 3,000 jobs, or 4.0 percent. All losses in mining and construction came from mining, which contracted by 3,200 jobs, or 12.4 percent. Construction employment was up 200 jobs, or 0.4 percent, over the year. Financial activities reported a loss of 2,600 jobs, or 7.3 percent. Information reported a loss of 300 jobs, or 2.8 percent.
Within the public sector, the heaviest job losses came in local government, which was down 4,300 jobs, or 4.1 percent. Within local government employment, local government education shed 2,500 jobs, representing a loss of 4.6 percent. Local government excluding education was down 1,800 jobs, or 3.5 percent. Employment in state government fell by 100 jobs, or 0.2 percent. Within state government, all losses came from state government education, which was down 1,300 jobs, or 5.0 percent. State government excluding education was up 1,200 jobs, or 3.9 percent. Federal government reported a gain of 1,200 jobs, or 4.2 percent.
Further analysis will be provided in the Labor Market Review scheduled for release on May 29.
Data can be found online at the following locations: www.dws.state.nm.us (under “Labor Market Information/Data, Statistics & Dashboards”) and www.jobs.state.nm.us/analyzer.