NM leisure, hospitality industry reported heaviest employment losses in December

New Mexico News

NEW MEXICO (KRQE) – New Mexico saw an increase in unemployment for the month of December. The New Mexico Department of Workforce Solutions says the jobless rate went up a percent to 8.2% in December. That is a couple of points above the national average which was 6.7%. New Mexico also nearly doubled the rate that it had in December 2019.

According to a news release from the NMDWS, all major industry sectors experienced over-the-year job losses but leisure and hospitality continued to report the heaviest employment
losses, with a drop of 29,100 jobs, or 30.4%, compared to the year before. Employment in mining and construction was down 9,700 jobs or 12.5%. Construction employment was down 2,500 jobs, or 4.8%, over the year.

According to the same news release, employment in education and health
services fell by 7,200 jobs or 5%. Within the education and health services industry, health care and social assistance were down 4,100 jobs, or 3.4%, while educational services were down 3,100 jobs or 14%. Trade, transportation, and utilities were down 2,500 jobs or 1.8%. Within the industry, transportation, warehousing, and utilities were down 2,100 jobs or 7.9%; wholesale trade was down
1,200 jobs, or 5.3%; and retail trade was up 800 jobs or 0.9%. Manufacturing employment decreased by 2,600 jobs or 9%.

The federal government reported a gain of 200 jobs or 0.7%. To read the full report, visit dws.state.nm.us/en-us/Researchers/Publications/Economic-News.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Video

Now Trending on KRQE.com

Albuquerque Hourly Forecast

Don't Miss


Photo Galleries


News Resources