Welcome to the City of Albuquerque

41.1 Job Growth Trend

This indicator tracks the annual rate of growth of non-agricultural jobs.

This indicator is part of Career opportunities.

Indicator description:

This indicator tracks the annual rate of growth of non-agricultural jobs as measured by the Current Employment Statistics (CES) survey prepared by the Bureau of Labor Statistics. Data are provided for the Albuquerque MSA and comparable MSAs in the Southwest. Proprietors, the self-employed, and domestic workers are not included in the data. It is important to note that a positive percentage rate indicates an increase in the number of jobs compared to the previous year.

Why is this indicator relevant?

A vital economy must create jobs at a rate that enables new people entering the job market to find employment. It is especially important for the economy to create enough new jobs to accommodate young people just entering the job market so that we retain that young, vital energy in Albuquerque. Job growth also provides a measure of how well the economy has performed over time compared to other regional economies. It allows an assessment of whether Albuquerque is keeping up with others in the region and in the U.S.

Rollover and click the interactive graphs to make comparisons

Data sources

Current Employment Statistics survey; US Department of Labor; Bureau of Labor Statistics.

What can we tell from the data?

  • The job growth trend in the Albuquerque MSA is lagging behind other regional cities in 2010 and 2011.
  • In the 11-year period shown, 2009 and 2010 saw a significant loss in jobs in the Albuquerque area and is still trying to recover the jobs that were lost.

 

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