Employment and Industry New Mexico
Employment and industry are the backbone of any community's economic development potential. Understanding trends in the labor force over time and how that labor force differs from other communities is vital to attracting new businesses. The data here compares the unemployment rate in New Mexico to the rate in United States, and compares trends in earnings and employment for six major industries in New Mexico.
New Mexico's Labor Force and Unemployment
The labor force is the pool of residents employed or actively seeking work in New Mexico. It excludes children, retirees, and others not actively seeking work. The unemployment rate is the percent of the labor force that is not employed.
Industry and Earnings Trends in New Mexico
The North American Industry Classification System (NAICS) divides up businesses and other establishments into industry sectors. The charts below show trends for both median earnings and number of workers in six major industry sectors in New Mexico.
Educational services, health care, and social assistance
Transportation, Warehousing, and Utilities
About the Data
• Labor force and unemployment data are from the Local Area Unemployment Statistics (LAUS), published by the Bureau of Labor Statistics.
• Median earnings by industry are from the American Community Survey (ACS), Table B24031. For 5-year estimates, dollar values are inflation-adjusted to the final year of the 5-year range. For example, Median Income (2013-2017) is reported in 2017 inflation-adjusted dollars. The Census Bureau adjusts dollar values using inflation factors based on the Consumer Price Index or CPI.
• Number of workers by industry data is from ACS Table B08526. Only workers 16 and older are counted.
This report uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.