Positive Job Growth | Albuquerque Market
According to the University of New Mexico Bureau of Business and Economic Research Government figures just released show more year-over-year job growth in March in the Albuquerque Metro Area than any other month since May of 2007. The growth amounted to 1.6 percent, or 5,900 jobs, compared to March 2015, the Department of Workforce Solutions reported.
“The big picture is that Albuquerque is sustaining a reasonable, even relatively strong, rate of growth” said Jeff Mitchell, director of the University of New Mexico Bureau of Business and Economic Research. “This past month was one of the strongest months we’ve seen.”
Private Sector Critical to Job Growth
A large part of that growth was in private-sector jobs — an increase of 4,800 jobs, or 1.6 percent — bringing good news to a state trying to reduce its reliance on government employment.
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