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Revised numbers show state’s job struggles

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BRUCE KRASNOW

Business Beat

Posted: Monday, March 31, 2014 8:00 pm | Updated: 8:13 pm, Mon Mar 31, 2014.

With spending cuts, known as sequestration, combined with the federal government shutdown in October, there is no doubt that 2013 was not a good year for job growth in New Mexico.

But the revised January 2014 employment numbers published by the Department of Workforce Solutions show just how bad it was. Every year the state revises its employment numbers — a process known as benchmarking — which syncs the household surveys taken by the U.S. Bureau of Labor Statistics with the actual unemployment insurance claims filed by businesses and government agencies. The revised numbers show that New Mexico lost 3,700 jobs in 12 months ending January 2014.

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