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Labor Market Information
September 2011 Suzan Reagan, Labor Economist
College and Career Academy
Labor Market Information•Job Descriptions•Education•Wages•Employment levels•Future Growth
Economic Research and Analysis Bureau
• NM Industry & Occupational Situation
– Recession History/impact of
• Career Solutions • Other Sources of Data
– LASER (laser.state.nm.us)
– NM Workforce Connection (www.jobs.state.nm.us)
Current Employment Situation
4
Let’s get the bad news out of the way first…The unemployment rate for:
The US is at 9.1% 9.5%
New Mexico 6.6% 8.7%
Albuquerque 7.2% 9.2 %
Las Cruces 6.5% 8.3 %
Santa Fe 5.3% 7.1 %
Farmington 7.1% 10.1 %
August 2011 August 2010
Most Recessions & Business Cycles
The 2007-2011 Recession
Jan-90
Aug-90
Mar-91
Oct-91
May-92
Dec-92
Jul-93
Feb-94
Sep-94
Apr-95
Nov-95
Jun-96Jan
-97
Aug-97
Mar-98
Oct-98
May-99
Dec-99
Jul-00
Feb-01
Sep-01
Apr-02
Nov-02
Jun-03Jan
-04
Aug-04
Mar-05
Oct-05
May-06
Dec-06
Jul-07
Feb-08
Sep-08
Apr-09
Nov-09
Jun-10Jan
-11
Aug-11
500,000
600,000
700,000
800,000
900,000
100,000
105,000
110,000
115,000
120,000
125,000
130,000
135,000
140,000
145,000NM vs US Employment Jan 1990 to present
New Mexico US
USIn thousands
NM
How BAD?
• Max December 2007: 855,300• Min January 2011: 785,900• Difference: -69,400
• August 2007: 843,200• August 2011: 803,000• Difference: -40,200
Labor Market Supply and Demand!
NM Total Non-Farm Employment Not Seasonally Adjusted:
NM UI Continued Claims Duration
8
Based on UI Summary Data 2nd Qtr 2011:
Average Duration 21.5 weeks in 2010
071-074
072-081
073-082
074-083
081-084
082-091
083-092
084-093
091-094
092-101
093-102
094-103
101-104
102-111
103-112
0
10
20
30
40
50
60
70
80
90Chart 1: Number of Statewide Unemployed by Duration (in Weeks of Unemployment)
52+ 27-51 15-26 5-14 <5
Four-Quarter Period (Year/Quarter)
Tota
l Une
mpl
oyed
(Tho
usan
ds)
Source: Current Population Survey
NM Industries Change
HOW HAS NEW MEXICO HANDLED THE RECESSION?
•Mining lost over 500
•Construction shed about 16,000
•Manufacturing lost another 8,000
•Retail took a hit with 6,000
•Admin & Waste Svs 5,000
•Bright spot Health Care +12,000
AgricultureMiningUtilities
ConstructionManufacturing
Wholesale TradeRetail Trade
Transportation & WarehousingInformation
Finance and InsuranceReal Estate
Professional & Technical ServicesManagement Companies & Enterprises
Administrative & Waste ServicesEducational Services
Health Care and Social AssistanceArts, Entertainment, & RecreationAccommodation & Food ServicesOther Services, Ex. Public Admin
Public Administration
-20000 -15000 -10000 -5000 0 5000 10000 15000
Difference from 1st Quarter 2007 to 1st Quarter 2011
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
100,000
200,000
300,000
400,000
US Retail Sales, 1992 to present
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
2000
4000
6000
8000
10000
12000
14000
16000
63846312
5892
5532
6900
8292
11568
11352
1056010428 10800
9804
9084 9624
11268
1318813908 14112
12516
9120
5808
45604562
2210
New Mexico Private Housing Building Permits, 1988 - Present
19701971
19721973
19741975
19761977
19781979
19801981
19821983
19841985
19861987
19881989
19901991
19921993
19941995
19961997
19981999
20002001
20022003
20042005
20062007
20082009
20102011
20120
10
20
30
40
50
60
70
80
ISM ManufacturingThe US manufacturing industry was hit with both high inflation and high energy costs between the late 70s and early 80s.
Values above 50represent expansion.
Manufacturing started its decline in 2005 and didn't recover until 2009.
Jan-00
May-00
Sep-00
Jan-01
May-01
Sep-01
Jan-02
May-02
Sep-02
Jan-03
May-03
Sep-03
Jan-04
May-04
Sep-04
Jan-05
May-05
Sep-05
Jan-06
May-06
Sep-06
Jan-07
May-07
Sep-07
Jan-08
May-08
Sep-08
Jan-09
May-09
Sep-09
Jan-10
May-10
Sep-10
Jan-11
May-11
Sep-11
0
20
40
60
80
100
120
NM Oil Rig Count
Average price per barrelin 2006 was $62.65
Average price per Barrelin 2002 was $27.46
Oil prices averaged$91.77 in 2008
Current price perBarrel is about$85.00
NM Employment ProjectionsAnnual Average Percent Change 0.97
Dec-07
Apr-08
Aug-08
Dec-08
Apr-09
Aug-09
Dec-09
Apr-10
Aug-10
Dec-10
Apr-11
Aug-11
Dec-11
Apr-12
Aug-12
Dec-12
Apr-13
Aug-13
Dec-13
Apr-14
Aug-14
Dec-14
Apr-15
Aug-15
Dec-15
Apr-16
Aug-16
Dec-16
Apr-17
Aug-17
Dec-17
Apr-18
Aug-18
Dec-18
Apr-19
740,000
760,000
780,000
800,000
820,000
840,000
860,000
880,000
900,000
Job Recovery Based on 2009-2019 Industry Projections
Employment Recovery
Pre-Recession Employment
Peak employmentin Dec 2007 at 855,300
Trendline according to 2009-2019 IndustryProjections.
Intersect in 2017.
Healthcare, educationand gov't were the onlyindustries to add workers.(10,000)
Occupations
17
Career Exploration
NM Occupational Category Employment 2009
Source: NM Department of Workforce Solutions Economic Research & Analysis Bureau
NM Occupational Group Annual Average Percent Change
2009-2019
10 Occupations with the Highest Employment In New Mexico
Occupation
2009 Estimated
EmploymentRetail Salespersons 29,520
Cashiers 20,684
Combined Food Preparation & Serving Workers, Including Fast Food 17,194Secretaries, Except Legal, Medical, and Executive 17,162
Construction Laborer 14,853
Waiters and Waitresses 14,496
Personal and Home Care Aides 14,441
General and Operations Managers 14,048
Janitors and Cleaners, Except Maids & Housekeeping Cleaners 13,873 Bookkeeping, Accounting, and Auditing Clerks 13,692
NM Occupations, Most Annual Openings
Rank Occupational
Annual Average Job Openings
2009Entry Level Wage (OES)
1 Retail Salespersons 1,167 $16,7462 Cashiers 1,120 $16,1173 Waiters and Waitresses 939 $16,292
4 Personal and Home Care Aides 882 $17,477
5
Combined Food Preparation & Serving Workers, Including Fast Food 851 $16,252
6
Customer Service Representatives 682 $21,289
7 Registered Nurses 539 $48,8638 Home Health Aides 524 $17,548
9
First-Line Supervisors/Managers of Retail Sales Workers 411 $21,169
10 Stock Clerks & Order Fillers 401 $17,158
11
Elementary School Teachers, Ex Special Education 369 $39,581
Highest Growth Jobs in NM
Occupations
2009-2019 Annual Percent Change
Network Systems and Data Communications Analysts 4.2%
Home Health Aides 4.0%
Actuaries 3.9%
Personal and Home Care Aides 3.9%
Petroleum Engineers 3.8%
Self-Enrichment Education Teachers 3.4%
Medical Equipment Repairers 3.4%
Pharmacy Technicians 3.0%
Physical Therapist Aides 2.8%
Compliance Officers, Except Agriculture, Construction, Health and Safety, and Transportation
2.7%
Painting, Coating, and Decorating Workers 2.7%
Medical Assistants 2.6%
NM Occupations – High Wage & Growth
Rank Occupational Title
2009Annual Entry
level Wage (OES)
09-19Annual
Job Growth
1Network Systems & Data Communications Analysts $40,681 4.2%
2 Petroleum Engineers $56,763 3.8%3 Medical Equipment Repairs $24,841 3.1%
4 Compliance Officers (Environmental, EEO Property, Regulatory) $31,356 2.7%
5 Radiation Therapists $46,765 2.6%
6 Physical Therapists $41,922 2.6%
7 Dental Hygienists$27.51hrl
y 2.6%
8Cardiovascular Technologists and Technicians $31,671 2.5%
9 Surgical Technologists $25,607 2.5%
10Medical and Clinical Laboratory Technologists $28,493 2.3%
11 Computer Software Engineers $52,435 2.2%
12Training and Development Specialists $35,539 2.2%
13 Detectives and Criminal Investigators $42,114 2.1%
Show me the money!12 Highest paying jobs in New Mexico
Occupation
Annual Median
Wage (OES )
Family and General Practitioners $167,202
Dentists, General $163,711
Obstetricians and Gynecologists $163,216
Pediatricians, General $161,955
Podiatrists $131,556
Engineering Managers $126,672
Actuaries $123,353
Nuclear Engineers $119,862
Law Teachers, Postsecondary $117,219
Agricultural Sciences Teachers, Postsecondary $113,687
Air Traffic Controllers $108,423
Pharmacists $104,506
Lowest Paying Jobs in New Mexico
Occupation
2009 Annual Median
Wage (OES)
2009 Hourly Median
Wage (OES)Ushers, Lobby Attendants, and Ticket Takers $16,090 $7.74
Textile Cutting Machine Setters, Operators, and Tenders $16,222 $7.80
Baggage Porters and Bellhops $16,414 $7.89
Combined Food Preparation and Serving Workers, Including Fast Food
$16,424 $7.90
Cleaning, Washing, and Metal Pickling Equipment Operators and Tenders
$16,475 $7.92
Costume Attendants $16,495 $7.93
Farmworkers and Laborers, Crop, Nursery, and Greenhouse
$16,606 $7.98
Designers, All Other $16,617 $7.99
Waiters and Waitresses $16,646 $8.00
The Top 15 NM Occupations in Decline 2009-2019
Occupation Title
Annual Percent Change
Textile Cutting Machine Setters Optrs -5.6%
Bindery Workers -5.5%
Drilling & Boring Machine Tool Optrs , Metal & Plastic -4.4%
Sewing Machine Operators -4.4%
Milling & Planing Machine Optrs, Metal & Plastic -4.3%
Aircraft Cargo Handling Supervisors -4.3%
Dental Laboratory Technicians -4.1%
Packaging & Filling Machine Operators -3.4%
Job Printers -3.4%
Semiconductor Processors -3.4%
Jewelers Precious Stone & Metal Workers -3.3%
Order Clerks -3.2%
Postal Service Mail Sorters & Processing Machine Optrs -3.1%
Photographic Processing Machine Optrs -2.9%
Detailed Job Profile for over 700 occupations
• Job Description +knowledge, skills, tasks, abilities• Training Program Completers• Typical Education Requirements• Wage Statistics by area and industry• Employment Projections• Employment by Industry• Area’s available:
– Statewide, – 4 MSA’s, – 4 Workforce Information Regions
Tools for LMI
•Career Solutions : http://www.dws.state.nm.us/careersolutions/index.html
•LASER: http://laser.state.nm.us/
•NM Workforce Connection: https://www.jobs.state.nm.us/
•Green Jobs: http://www.greenjobs.state.nm.us
•National http://careeronestop.org/
• Reference for teachers and councilors
• http://www.careeronestop.org/Audience/Professionals/OutreachTraining.aspx
Education Pays
