NM one of only two states continuing to lose jobs

Created: 06/23/2014 5:47 PM
By: Stuart Dyson, KOB Eyewitness News 4

Latest numbers from the U.S. Department of Labor show only two states continuing to lose jobs and New Mexico is one of them.

They say that misery loves company, so we must love New Jersey right now the only other state showing job loss in the twelve months ending May 31.  In New Mexico, it’s 1,000 jobs down the drain from May 2013 to the end of last month. 2,100 construction jobs went bye-bye in that period, along with 1,700 manufacturing jobs and 3,400 government jobs. At the same time health services and education employment rose by 2,200 jobs, and trade and transportation increased by 2,000. But overall, May was the eighth consecutive month of year-to-year job losses.

That bleak reality haunted a lunchtime meeting of NAIOP the state’s top commercial real estate developers in Albuquerque Monday. Republican Gov. Susana Martinez took the podium to beat the drum for her economic policies.

“We want to lean on the private sector,” Martinez told the crowd at the Albuquerque Marriott. “We want to diversify it, just as diverse as the people of New Mexico, and we’re doing that.”

Democrat Gary King, running against Martinez, said in a phone interview that the Martinez policies have failed.

“Our economy has lagged far behind the economies in our surrounding states,” King said. “I think that is directly a lack of the Governor’s capability to work with the legislature to address the problem.”

Something to brighten the picture a little bit: in the short term we’re doing better. The Labor Department said New Mexico gained 4,900 jobs from April to the end of May – but that wasn’t enough to offset the losses from the preceding months.

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