Lincoln County's June preliminary unemployment rate jumps more than 1 percent from May
The rate hit 4.5 percent, but still looked better than June 2017, when the rate was 5.6 percent
Dianne L. Stallings- The national unemployment rate in June was 4.0 percent, up from 3.8 percent in May, but down from 4.3 percent in June 2017
The preliminary unemployment rate in Lincoln County jumped by more than 1 percent from May to June, hitting 4.5 percent, but still looked better than June 2017, when the rate was 5.6 percent.
The increase broke a streak for the county, which was posting in the 3.3 percent range in recent months, beating state and federal rates.
The size of the workforce increased by 287 from May to June, with 9,116 The report from Erin Thompson with the Economic Research & Analysis Bureau of the New Mexico Department of Workforce Solutions stated that 407 persons were unemployed in the county in June compared to 288 in May and 509 in June 2017.
New Mexico’s seasonally adjusted unemployment rate was 4.9 percent in June 2018, down from 5.1 percent in May and 6.1 percent a year ago, Thompson reported.
The national unemployment rate in June was 4.0 percent, up from 3.8 percent in May, but down from 4.3 percent in June 2017.
Total nonagricultural payroll employment grew by 17,300 jobs, or 2.1 percent, between June 2017 and June 2018, the release stated. Most gains came from the private sector, which was up 15,900 jobs, or 2.5 percent. The public sector was up 1,400 jobs, or 0.8 percent. Growth was reported in both components of the private sector. The private service-providing industries were up 12,300 jobs, or 2.2 percent, while the goods-producing industries were up 3,600 jobs, representing a gain of 3.9 percent.
Seven supersector-level industries added jobs and three lost job, Thompson reported. Leisure and hospitality employment increased by 4,900 jobs, or 5.0 percent, reporting the largest numeric increase among all super-sector-level industries. That sector is an important component of Ruidoso's economy, along with retail.
Professional and business services was up 4,300 jobs, or 4.1 percent. Trade, transportation, and utilities was up 3,600 jobs, or 2.6 percent. Within this supersector, employment in transportation, warehousing, and utilities was up 2,200 jobs, or 9.2 percent; wholesale trade was up 1,100 jobs, or 5.2 percent; and retail trade reported a gain of 300 jobs, or 0.3 percent.
Mining and construction employment was up 2,700 jobs, or 4.0 percent. Within this supersector, construction increased by 2,800 jobs, or 6.1 percent, while mining reported a loss of 100 jobs, or 0.5 percent.
Employment in financial activities grew by 1,500 jobs, or 4.4 percent. Manufacturing was up 900 jobs, or 3.4 percent. Within manufacturing, non-durable goods manufacturing increased by 900 jobs, or 8.0 percent, while durable goods manufacturing was unchanged from June 2017.
Employment in the information industry decreased by 1,500 jobs, or 11.5 percent. Employment in education and health services was down 400 jobs, or 0.3 percent. All losses within the supersector occurred in health care and social assistance, which was down 800 jobs, or 0.7 percent. Educational services employment increased by 400 jobs, or 2.2 percent.
Within government, losses of 1,500 jobs, or 2.9 percent, in state government and 800 jobs, or 2.7 percent, in federal government were offset by a gain of 3,700 jobs, or 3.8 percent, in local government, Thompson saported. Local government education showed a gain of 2,200 jobs, or 4.6 percent. State government education was down by 800 jobs, or 3.8 percent.