Overview
- An analysis by CEPA reports 276,624 fewer registered jobs between November 2023 and August 2025, a 2.81% drop equal to more than 432 positions per day.
- The number of employers with registered staff fell by 19,164 to 493,193, with the sharpest losses in transport and storage, and nearly all closures concentrated among firms with up to 500 employees.
- Job destruction was heaviest in public administration (-86,982), construction (-76,292), transport and storage (-59,838) and manufacturing (-55,941), with construction down 16% in relative terms.
- Large companies drove most payroll cuts, as firms with more than 500 workers accounted for 68.15% of net job losses while small and midsize firms saw the vast majority of employer exits.
- Official SIPA data show a renewed decline in mid‑2025, including 11,229 registered jobs lost in August nationwide and 10,600 fewer private salaried positions that month, while Santa Fe’s private registered employment fell by 13,900 since December 2023 to 509,800; a labor survey signaled a further 0.1% dip in September.