Census: NM workforce declined by 15,714, 2009 to 2010

New Mexico Business Weekly - New Mexico lost 765 businesses with paid employees from 2009 to 2010, and the state saw the number of people employed by businesses drop by 15,714, according to the U.S. Census Bureau. During that time, the annual payroll for businesses that employed New Mexicans dropped by $59.7 million to $21.3 billion, the Census Bureau said. Since 2007, the state has lost 2,648 businesses that employ people, and 48,018 paid employees, according to the Census Bureau’s County Business Patterns 2010 report. The state’s construction industry was hit the hardest during the recession. The number of construction companies declined from 5,896 in 2007 to 4,738 in 2010, and the number of paid employees dropped by 13,950 to 41,359. Nationally, U.S. businesses with paid employees totaled 7.4 million in 2010, a drop of 36,800 from 2009. It was the third consecutive year of decline. However, the rate of losses slowed. Between 2008 and 2009, the U.S. lost 168,000 businesses. Read More News New Mexico

Census: NM workforce declined by 15,714, 2009 to 2010