On Friday, the U.S. Bureau of Labor Statistics released data on July employment at the regional and state levels. And once again, New Mexico lagged behind its neighbors in job creation.
The BLS looked at employees on nonfarm payrolls in July 2014 and July 2015. At 0.5 percent, the Land of Enchantment trailed each of its bordering states:
Looking at the national picture, New Mexico was joined by just eight states — Kansas, Minnesota, Missouri, North Dakota, Oklahoma, South Carolina, South Dakota, West Virginia — in seeing either higher or unchanged unemployment rates. The absolute number of unemployed workers grew in all nine states.
With the national economy in precarious condition and losses mounting in New Mexico’s oil-production employment, it’s clear that more than ever before, the state needs an effective economic-development strategy.