ABQ Adds Jobs, But Not enough

October 25, 2017

The Albuquerque metro area had decent job growth in the year that ended Sept. 30, but even with the addition of 4,700 jobs, the area still hasn't reached its pre-recession jobs level.

 

The area had a 1.2 percent job growth rate over the year, with only two industry sectors – manufacturing and information – losing jobs.

 

Two other sectors showed minimal growth: professional and business services at positive 0.2 percent; and trade, transportation and utilities at 0.3 percent.

 

The financial activities sector grew by 6 percent, followed by construction, which was up 5 percent.

 

Manufacturing lost 400 jobs, for a 2.5 percent decrease. This sector has been losing jobs for the past 20 years. The number of jobs peaked at 28,900 in October of 1997. As of September, the sector had 15,500 jobs.

 

Here's how it looks in terms of recovering from the recession. The number of jobs peaked at 401,700 in December of 2007. As of this September, the area had 395,400 jobs.

 

The state's three other major metro areas didn't do as well as Albuquerque.

 

Farmington lost 100 jobs for a 0.2 percent decrease, and Las Cruces and Santa Fe each added 100 jobs over the year.

 

Here's how the Albuquerque metro area's economy looks like in terms of where the jobs are:

 

 

 

 

 

 

 

 

 

 

 

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