Editor’s Note: The Paso del Norte Economic Indicator Review is published monthly by the Hunt Institute for Global Competitiveness at the University of Texas at El Paso. Below are three key takeaways from the March report.
Total nonfarm payrolls increased in March 2022 year-on-year in El Paso (8,200 jobs or 2.6%), Las Cruces (4,700 jobs or 6.6%) and Juárez (24,800 jobs or 5.2%).
On a monthly basis, nonfarm payrolls in the Paso del Norte region increased slightly in March, with El Paso adding 100 jobs (0.03%), Las Cruces adding 300 jobs (0.4%) and Juárez adding 3,200 jobs (0.03%). .6%).
The total number of bankruptcy filings in El Paso decreased by 23 cases (-6.6%) year-on-year in the January-April 2022 period.
With 326 bankruptcy filings in the first four months of 2022, total bankruptcy filings in El Paso County remain below 2019, 2020 and 2021 levels.
In April 2022, there were 86 bankruptcy filings in El Paso, down four filings (-4.4%) month-on-month.
Total trade for the first three months of 2022 among the top 10 ports of entry along the U.S.-Mexico border was $154.1 billion, up from $20.3 billion (Dec 15.2 – %) compared to the previous year.
Imports through the top six ports along the border reached $81.9 billion in the first quarter of 2022. This is an increase of $11.3 billion (16.1%) from 2021 year-over-year.
Exports totaled US$52.6 billion across the top six ports, a US$6.5 billion (14.1%) year-on-year increase from the first quarter of 2021.