According to a recent report by the Hunt Institute for Global Competitiveness at UTEP, signs of recovery for the Paso del Norte region continue, as the revamping of operations for firms and businesses lead to the second straight month of job gains in June for El Paso and Las Cruces, the first for Ciudad Juárez.
In their August report, non-farm employment across the Paso del Norte region continued its gradual recovery amidst the onset of COVID-19.
From May to June, employment rose 2.4% in El Paso, 0.3% in Las Cruces, and 0.9% in Ciudad Juárez. Officials point out that, on a year over-year basis, non-farm employment decreased by 5.8% in El Paso (-18,700 jobs), 6.1% in Las Cruces (-4,400 jobs), and 1.7% in
Ciudad Juárez (-7,700 jobs) in June.
Officials add that the current public health crisis decreased non-farm employment more abruptly across the Paso del Norte region in comparison to the 2008 global financial crisis.
Additionally, U.S.-Mexico ports of entry experienced a steep drop in total merchandise trade value to the world during the first half of the year on a year-over-year basis.
The pandemic severely impacted overall merchandise trade value through the El Paso Port of Entry, which dropped roughly 50% in the January to June 2020 period on a year-over-year basis. Trade value merchandise through Santa Teresa dropped 23.6%.
Since 2014, the Hunt Institute for Global Competitiveness at The University of Texas at El Paso has provided economic analysis of the
Paso del Norte Region that includes the binational communities of El Paso, Texas; Las Cruces, N.M.; and Ciudad Juárez, Mexico.
For more information about the institute, visit their website.