Latest job report shows encouraging signs

Created: 12/27/2013 5:16 PM
By: Stuart Dyson, KOB Eyewitness News 4

There are some promising signs of economic recovery for the Albuquerque metro area as we approach the end of the year.

The U.S. Bureau of Labor Statistics is out with some preliminary numbers for November, showing 3,200 more jobs than November of 2012. That’s not too shabby after all the months of dismal news about jobs disappearing and workers moving away. 81 percent of the new jobs are in the private sector, not government jobs, and that’s near and dear to the heart of Albuquerque Mayor Richard Berry and his administration.

“I think that’s a testament to the entrepreneurs out there,” said the city’s deputy Chief Administrative Officer Gilbert Montano. “The risk-takers are really feeling that the city now is welcoming them to risk their capital and move forward to create jobs.”

Just a couple of weeks ago we learned that the metro area’s workforce – people either working or actively looking for work – shrank by nearly 9,000 people from April to October, so the new job creation numbers couldn’t come at a better time.

City officials report gross receipts tax revenues have been up for the last two quarters of the year. That means more people buying and selling goods and services – another sign of an improving economy.

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