September 12, 2011 at 3:57 PM

Word Of The Week: Jobs

"Last month was significant as the first time in 32 months that New Mexico reported any job growth on a year-over-year basis"

By Polly White

Santa Fe Business Musings

Polly White is a local business owner, active community member and astronomy geek.

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Many in Santa Fe will get time off from their jobs for fiestas. It’s a Santa Fe tradition to leave work early on Friday and head to The Plaza. President Obama conveniently ended his speech to Congress about jobs in time for everyone to get to Fort Marcy for the burning of Zozobra. How many people had job-related sentiments going up in flames with Old Man Gloom? Maybe some of the economic doom & gloom for 2011 has gone up in flames with him.

According to the New Mexico Department of Labor:

  • New Mexico’s seasonally adjusted unemployment rate was 6.7 percent in July 2011, down from 6.8 percent in June and 8.5 percent a year ago. The national unemployment rate dropped to 9.1 percent.
     
  • July marked the fifth straight monthly decrease in unemployment since the state’s jobless rate peaked at 8.7 percent earlier this year. The recent declines resulted from workers leaving the labor force, not an increase in employment.
  • The rate of over-the-year job growth, comparing July 2011 with July 2010, was 0.4 percent, representing in an increase of 3,500 jobs.
     
  • Last month was significant as the first time in 32 months that New Mexico reported any job growth on a year-over-year basis. July continued the trend with further gradual improvement and a second month of positive over-the- year job growth.

Here is some really valuable information about what sectors are projected to see job growth over 10 years right here in Santa Fe. For young people just starting out, or others thinking about shifting paths, this is what you want to know. Almost all areas of environmental sciences (green jobs), and medicine are projected to show growth, as is government -- no surprise here. A bit of a surprise though, administrative and other positions are projected to be on the rise as well.

http://www.dws.state.nm.us/LMI/pdf/PRJSantaFeMSA.pdf

People can find a wealth of resources for job training and starting your own business at  http://www.nmsbdc.org/, http://www.dws.state.nm.us/ , http://www.sfbi.net/.

 

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