NEW MEXICO – New Mexico’s economy recorded strong job growth in May and, along with falling unemployment levels, the state is going through the highest number of jobs in its history, the Economic Development Department (EDD) reported.
New Mexico added 20,900 jobs over the year in May 2023, according to the Workforce Solutions Department, in data from the Bureau of Economic Research and Analysis.
The increase brings the total number of jobs in New Mexico to 869,400, the highest in history, and follows four strong months of gains. New Mexico’s unemployment rate is currently 3.5%, below the national average.
“New Mexico’s strong job growth is proof positive that we are enacting all the right policies to grow our economy,” said Governor Michelle Lujan Grisham. “We are paying people a living wage, providing child care for working parents, and making it easier for employers to find prepared candidates by putting more people into college and technical training.”
Many of the job gains so far in the current administration are in key, higher-paying sectors, including Transportation and warehousing with 5,322 jobs, representing a 21% increase; Professional, scientific and technical services which racked up 7,194 jobs, a 12% increase.
Construction reached 3,022 jobs, an increase of 5.9%; while Manufacturing recorded 1,541 jobs, an increase of 5.6%; while Health and Social Assistance added 2,269 jobs, an increase of 1.6%.
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