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New Mexico

						
						

New Mexico Employment Analysis

( Data Date : August 2017 )

New Mexico Employment Data

Located in the Southwest region, the Land of Enchantment is known for abundant natural resources, federal military bases and research centers, and an excellent transportation infrastructure. Historically a ranching and mining state, today new Mexico’s economy is driven by crude oil and natural gas production, federal government spending, and high-tech and commercial space industries. Economic challenges include an overdependence on public sector employment, low per capita income, and some of the poorest rural areas in the U.S. (Source: New Mexico Economic Development Dept.)

 

State/Metropolitan Employment Data:

New Mexico Unemployment Rate Trends (% change)


  • Compared to national rates, new mexico unemployment rate in August 2017 was higher by 2% than the U.S. rate of 4.4%.




  • Employment information is based on data provided by the U.S. Bureau of Labor Statistics (BLS).

    Graphs and charts are based on monthly data from 2000 to present (BLS reports monthly data a month to six weeks after the close of each month).

    The data MuniNet Guide uses and presents is seasonally adjusted.