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Thursday, November 14, 2024

Albuquerque sees 7.1% decrease in non-farm payroll employees since last year

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The number of employees on non-farm payrolls in February in the Albuquerque metropolitan statistical area was 371,700, according to the U.S. Bureau of Labor Statistics.

This is a 7.1 percent decrease since last February when Albuquerque reported 400,000 workers on non-farm payrolls.

Statistics were compiled from reports from the civilian labor force and unemployment data, both of which heavily relied on household surveys. The data is not seasonally adjusted.

Employment data is gleaned from an establishment survey that measures non-farm employment, hours and earnings by industry. The data is also based on payroll jobs and such factors as where the establishments are located.

Overall, New Mexico reported 0.779 million million people employed on non-farm payrolls in February.

New Mexico Employees on Non-Farm Payrolls 2021 vs. 2020
February 2021 (In thousands)February 2020 (In thousands)Percent Change
778.8858.6-9.3%
Source: Bureau of Labor Statistics

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