May 2024 | Released June 25, 2024

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United States Employment Snapshot



New Mexico Employment Snapshot





New Mexico Payroll Employment


  • New Mexico added 2,300 net payroll jobs, or 0.3 percent, on a seasonally adjusted basis during May. In the prior month, New Mexico lost 400 jobs. New Mexico nonfarm payroll employment has increased in 9 of the past 12 months.

  • Nationally, nonfarm payrolls rose by 272,000 in May, or 0.2 percent. New Mexico is tied for 18th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.

  • New Mexico added 1,900 private sector jobs, or 0.3 percent. on a seasonally adjusted basis during May. In the prior month, New Mexico lost 700 jobs. New Mexico private sector payroll employment has increased in 8 of the past 12 months.

  • Nationally, private sector payroll jobs rose by 229,000 jobs in May, or 0.2 percent. New Mexico is tied for 27th in the nation for percentage gain in private sector payroll employment over the past 12 months.

  • The best performing sectors on a seasonally adjusted basis during May were Leisure and Hospitality (1,000) and Education and Health Services (500).

  • The poorest performing sectors during the month were Manufacturing (-100) and Construction tied with Financial Activities (-200).

  • The best performing sectors during the last 12 months were Government (6,600) and Education and Health Services (4,500).

  • The poorest performing sectors during the last 12 months were Mining and Logging (-500) and Information (-2,100).



New Mexico Labor Force


The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.