EL PASO, Texas (KTSM) — A monthly economic report from the University of Texas at El Paso (UTEP) shows that El Paso saw huge employment growth throughout 2024, while the overall manufacturing sector in the Borderland continues to suffer job losses. The monthly report, put out by the Hunt Institute for Global Competitiveness at UTEP, analyzes the economy in the El Paso, Las Cruces and Ciudad Juarez region. “Employment growth is increasing at an increasing rate for El Paso, it seems. Albeit some sectors are favored more than others. So the service sector and other things like that seem to be increasing at faster rates in terms of employment than things like manufacturing. So I think that's an important takeaway from the report, is that overall job gains are being experienced in our area in El Paso, but they're concentrated in specific sectors,” said John Gibson, director of research for the Hunt Institute and an associate professor in economics at UTEP.  The Hunt Institute’s report - the Paso Del Norte (PDN) Economic Indicator Review - highlighted that from October 2023 through October 2024, El Paso added 10,900 jobs. Las Cruces, meanwhile, added 2,200 jobs on a year-over-year basis during that same span.  The report says that for El Paso, the majority of those job increases came across the services, transportation, and trade sectors. Gibson said that marks a huge improvement from 2023 when only 3,500 new jobs had been created during the same span starting in 2022.  However, the report also highlighted that El Paso saw a decline in employment in the manufacturing and construction sectors.  But the overall decline in manufacturing labor was even greater in Ciudad Juarez during that same span, where the industry experienced a loss of 14,380 jobs.  Gibson said this data can serve as a good indicator of where the regional economy is trending and what people can expect.  “(What) we hope to capture in this type of report is just how connected our economy is. So when we think about our regional economy, we should not remain only focused on what's going on in El Paso. (But also) our neighbors in Las Cruces and Juarez as well. We're all interconnected. And so what's happening here (El Paso) is also going to be reflected in what's happening there. And we are going to feed off of each other. It's a very important, interconnectedness that we share,” Gibson said.  To learn more about the Hunt Institute’s economic review you can visit their website by clicking here, and to find the above referenced report click here.