New Mexico Monthly Employment Statistics
- 914,127 employed workers
- 47,571 unemployed workers
- 4.9% unemployment rate
The total employment for New Mexico is 861,500, which is 3,600 greater than last month, an increase of 0.42%. The total employment a year ago was 841,700, which is 19,800 lower than today. Employment has increased by 2.35% in the last year. Last months' employment total was revised from 857,900 to 856,500. This revision is a change of 0.16% from the preliminary numbers.
The Health and Education Services sectors are the leading employers in New Mexico. There are 141,200 employees in the sector. Last month the sector had 142,400 employees last month, a decrease of 1,200 (0.84%). Last year the sector had 139,800 employees last year, an increase of 1,400 (1.00%).
The chart below illustrates the total monthly employment:
In the month of July, 2019 the average hours worked was 38.2, this was an increase from last month, which averaged 37.5 hours. This represents a change of 1.9%. Average hourly wages for the month were $19.59 per hour, which translates to $748.34 per week. Hourly wages increased over the last month from $19.49 per hour an increase of 0.5%. Weekly wages increased over the last month from $730.88 per week an increase of 2.4%.
A year ago, the average hours worked was 37.3 hourse per week, which is an increase of 2.4%. Hourly wages have increased over the last year from $18.07 per hour, an increase of 8.4%. Weekly wages have increased over the last year from $674.01 per week, an increase of 11.0%.
The chart below illustrates the average monthly wages:
The unemployment rate decreased in July, 2019 from 4.9% to this months' 4.9%. A year ago the unemployment rate was 4.8%, 0.1% higher today. The total workforce in July, 2019 was 961,698, which is 0.3% higher than last months 958,993 and is 0.3% higher than last years 939,955. The total number of unemployed in New Mexico is 47,571 as compared to the revised figure from last month of 47,326 and 45,117 unemployed a year ago.
The chart below illustrates the change in the unemployment rate over the last year in New Mexico:
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.