A Look at New Mexico
What does the economy look like in the state known as the Land of Enchantment? As of April 2018, the unemployment rate in New Mexico, as reported by the U.S. Bureau of Labor Statistics (BLS), is 5.4%, which is more than a percentage higher than the national average; however, unemployment in the state has been falling slowly but steadily since November 2017. The BLS also reports that, as of May 2017, the average hourly wage for New Mexico workers across all occupations is $21.56.
What Are The Growth Industries in New Mexico?
According to the New Mexico Workforce Connection, (www.careerinfonet.org), the top growth industries projected in New Mexico between 2014-2024 are in the area of health care. The industry sectors expected to grow the most in this state are as follows, with each experiencing at least 13% growth:
- Personal Care and Service
- Healthcare Support
- Healthcare Practitioners and Technical
- Food Preparation and Serving Related
- Community and Social Services
Fast-Growing Jobs in New Mexico
America's Career InfoNet, a resource of the U.S. Department of Labor, indicates that most of the fastest growing careers in New Mexico are in the health care field. All of the following are expected to grow between 29% and 42% between 2014-2024:
- Personal Care Aides
- Home Health Aides
- Physical Therapist Assistants
- Physical Therapist Aides
- Physical Therapists
- Nurse Practitioners
- Personal Financial Advisors
- Operations Research Analysts
- Diagnostic Medical Sonographers
What Are The Declining Industries in New Mexico?
For a variety of reasons that might include the advancement and increased use of technology in various industries, some jobs are in the process of decline nationwide. New Mexico is no exception to this phenomenon. The following are among the jobs in New Mexico that America's Career InfoNet expects to decline at least 20% by 2024:
- Switchboard Operators, including Answering Service
- Photographic Process Workers and Processing Machine Operators
- Mail Clerks and Mail Machine Operators, except Postal Service
- Metal and Plastic Molding, Coremaking and Casting Machine Setters, Operators and Tenders
- Locksmiths and Safe Repairers
- Meter Readers, Utilities
- Office Machine Operators, except Computer
- Metal and Plastic Plating and Coating Machine Setters, Operators and Tenders
Where Can I Look for Employment?
The Department of Workforce Solutions in New Mexico (www.dws.state.nm.us) provides a website that is invaluable when it comes to job hunting. It shows you how to use the Internet to broaden your search and offers resources, publications and strategies related to effectively pursuing and securing employment.