NMDWS News:

New Mexico’s seasonally adjusted unemployment rate was 3.5 percent in April, unchanged from the rate in March and down from 4.3 percent in the previous year.

The national unemployment rate in April was 3.4 percent, down from 3.5 percent in March and down from 3.6 percent in April 2022.

Total nonagricultural payroll employment grew by 18,200 jobs, or 2.1 percent, between April 2022 and April 2023. The majority of gains came from the private sector, which was up 14,500 jobs, or 2.2 percent. The public sector was up 3,700 jobs, or 2.0 percent. The majority of private sector gains were in the private service-providing industries, which were up 9,600 jobs, or 1.7 percent, while the goods-producing industries were up 4,900 jobs, representing an increase of 5.0 percent.

Within the goods-producing industries, mining and construction employment rose by 4,000 jobs, or 5.7 percent. The majority of gains were within the mining industry, which grew by 3,100 jobs, or 15.3 percent. Construction employment was up 900 jobs, or 1.8 percent,  over the year. Manufacturing was up 900 jobs, or 3.1 percent. Within manufacturing, non-durable goods manufacturing was up 1,000 jobs, or 7.7 percent. Durable goods manufacturing employment was down 100 jobs, or 0.6 percent.

Within the private service-providing industries, professional and business services was up 5,200 jobs, or 4.5 percent. Private education and health services was up 4,400 jobs, or 3.1 percent. Within the private education and health services industry, health care and social assistance was up 3,400 jobs, or 2.8 percent, and private educational services was up 1,000 jobs, or 4.7 percent. Leisure and hospitality was up 3,600 jobs, or 3.8 percent. Miscellaneous other services was up 100 jobs, or 0.4 percent.

Trade, transportation, and utilities was down 3,100 jobs, or 2.2 percent. Within this industry, transportation, warehousing, and utilities was down 1,300 jobs, or 4.3 percent; retail trade was down 1,000 jobs, or 1.1 percent; and wholesale trade was down 800 jobs, or 3.9 percent. Employment in financial activities was down 400 jobs, or 1.1 percent. Information was down 200 jobs, or 1.8 percent.

Within the public sector, local government was up 2,800 jobs, or 2.9 percent. Within local government employment, local government education added 2,100 jobs, representing an increase of 4.1 percent. Local government excluding education was up 700 jobs, or 1.5 percent. Employment in state government was up 400 jobs, or 0.7 percent. Within state government, all gains were in state government excluding education, which was up 600 jobs, or 2.0 percent. Stave government education was down 200 jobs, or 0.8 percent. Federal government was up 500 jobs, or 1.7 percent.

Further analysis will be provided in the Labor Market Review scheduled for release May 26.

Data can be found online at the following locations here and here.