In the Albuquerque job market, there continues to be signs that businesses are still not improving. Though we have seen significant improvements in some fields and the addition of jobs in some industries seems to be happening, the overall market cannot improve if new jobs are not created at a faster rate than companies are cutting them. Recent news this week indicates the market here is still losing out.
It was announced this week that Sony Pictures Imageworks is closing down its presence in the downtown Albuquerque area by July of this year. The company's lease is set to expire at that time. The facility provides about 60 workers with jobs, plus numerous additional, supportive positions.