Quay unemployment rate at 6.6 %

QCS Staff

Quay County’s 6.6 percent unemployment rate for February was one-half of one percentage point higher than the rate for January, but four tenths of a percentage point lower than the February 3013 rate, according to the New Mexico Department of Workforce Solutions.

The county’s workforce stood at 3,674 for Feb. 14, of which 242 were unemployed and 3,432 were working. In January, the workforce numbered 3,281. There were 226 unemployed and 3,455 people working.

In February 2013, the workforce totaled 3,632, with 253 unemployed and 3,379 working, DWS reported.

Statewide, the seasonally adjusted February unemployment rate was 6.7 percent, up from 6.6 percent in January, and down from 6.9 percent in February 2013, DWS said.

The rate of over-the-year job growth, comparing February 2014 with February 2013, was a negative 0.2 percent, representing a loss of 1,900 jobs. Six industries added employment, six industries lost jobs, and one remained unchanged.

Government again saw the largest net decrease, down 2,300 jobs since last year, DWS said.

According to DWS:

The largest employment gains were reported in the financial activities industry, which added 1,800 jobs since February 201. Gains in mining continued, with 1,400 jobs added. Retail trade added 1,000 jobs. The leisure and hospitality industry reported a gain of 800 jobs. The education and health services sector have added 300 jobs since February of last year. The construction industry added 200 jobs, representing slower growth from spring and summer, 2013.

Government employment has registered a net loss of 2,300 jobs since February of last year, with most of these losses reported at the federal and local levels. Manufacturing employment declined by 2,000 jobs. The professional and business services industry lost 1,900 jobs. Information lost 900 jobs over the year, DWS said.

Speak Your Mind