top of page

NM's Economy Still Stinks

It's the same old story for New Mexico's economy: the worst job growth rate of any state in the region.

In the 12 months that ended Sept. 30, New Mexico added 6,800 jobs, for a 0.9 percent growth rate.

And the state's economy continues stumbling around in its lost decade. As of September, the state still had not reached its pre-recession jobs level. Jobs in the state peaked at 849,900 in February of 2008. As of September, the state had 838,500 jobs, according to the U.S. Bureau of Labor Statistics.

The state's jobs situation wasn't totally bleak, however. Over the year, seven industry sectors added jobs and four lost them. The biggest loser was government, which shed 3,400 jobs. But the state is still top-heavy with government jobs, as the sector accounts for 22.3 percent of all the state's jobs.

Nationally, 15 percent of all jobs are in the government sector.

The biggest jobs winners in the state were the construction, and the trade, transportation and utilities sectors, which grew by 3,000 and 2,400 jobs respectively.

So how bad has New Mexico's economy been in relation to surrounding states? The worst. It's the only state in the region that has yet to reach pre-recession jobs levels.

Oklahoma surpassed its pre-recession jobs level in October of 2012, Colorado in March 2013, Utah in December 2012, Texas in November 2011, and Nevada and Arizona in mid-2016.

Please donate by clicking below
PayPal ButtonPayPal Button

Independent Journalism

I've been a reporter, writer and editor for 37 years. I'm dedicated to honest, fair and hard-hitting reporting. I'm not conservative or liberal, but am just a reporter who tries to get to the truth at any given point in time. I don't believe in pulling punches or being a lap dog because that serves no one. A free and aggressive press is essential to human liberty. That's why the Founding Fathers put a free press in the Constitution. So on this site you'll get a variety of news, fearless opinion, analysis, humor, satire and commentary. It's kind of like a free-for-all. My motto is "Without fear and without favor."  But good journalism takes time and money, so I hope you will contribute what you can to these efforts by clicking on the "Donate" button above. I could use your help. Thanks, Dennis Domrzalski.

  • Facebook Social Icon
  • Twitter Social Icon
  • Google+ Social Icon

Get ABQReport's Udates

Breaking and daily news

bottom of page