New Mexico

by Recruiter on August 19, 2011

A variety of agriculture including grains and beans, cattle farming, natural resources and tourism all contribute towards New Mexico’s economy.  Business Facilities magazine published their 2010 Rankings Report, which is an annual overview of the economic landscape as well as locations that are leading the way.  The report looked at a new category the growth potential of a location’s economic development initiative.  New Mexico came in 8th place under the category ‘Economic Growth Potential.’  New Mexico ranked high in the following categories:

•#2 in Solar Energy Manufacturing Leaders
•#3 in Workforce Training Leaders
•#5 in Alternative Energy Leaders
•#8 in Economic Growth Potential
New Mexico’s seasonally adjusted unemployment rate was 6.8 percent in June 2011, lower than the national rate of 9.2%.  The New Mexico Department of Workforce Solutions press release last month stated “the rate of over-the-year job growth, comparing June 2011 with June 2010, was 0.3 percent, representing an increase of 2,400 jobs.”  The release further notes that June is significant since it was the first instance New Mexico reported actual job growth in 32 months.  The release states that “the recovery likely started a while back, but lack of significant momentum left the state’s job growth rate close to the zero line for more than a year” which indicates that the recovery has been difficult.
NM Department of Workforce Solutions breaks down the current job situation noting that there are six growing and seven declining industries.  Growing industries include the educational and health services, which added 7,500 jobs.  Retail trade reported 3,800 additional jobs and wholesale trade gained 1,300 jobs.  Meanwhile the mining industry reported a boost of 1,300 jobs.  Also, the financial field posted gains of 600 jobs. Lastly, transportation, warehousing & utilities industry gained 800 jobs, up 3.8 percent.  Unemployment was down in the remaining private sector industries including the following:  professional and business services industry, construction, information industry, manufacturing and the leisure and hospitality industry; and the miscellaneous other services category lost 100 jobs.
Current Job Listings:
Supervisory Health System Specialist at Department Of Health And Human Services
Salary range $47,448.00 – $61,678.00 /year
Audit Associate at KPMG
Program Center Coordinator at Department Of Housing And Urban Development

Salary range $96,690.00 – $155,500.00 /year

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