New Mexico Q1, 2019 Employment Statistics

  • 61,346 employers, up 3.3% from 59,387
  • 822,944 employees, up 1.4% from 811,959
  • $890 average weekly wage, up 3.2% from $862
  • The average weekly wage is 24.8% below the national average
  • The cost of living is 7.2% below the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 1,959, which is an increase of 3.3%. The number of employees in New Mexico increased by 10,984, an increase of 1.4%. During this same period, the average weekly wage increased by $28, an increase of 3.2%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 1,966 or 3.6%. Growth in private businesses in New Mexico grew faster than the national average of 3.0%. The number of employees in these businesses increased since last years' Q1, increasing by 10,282 or 1.6%. The growth in employees of private businesses in New Mexico was slower than the national average of 1.7%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $31 or 3.7%. Growth in average weekly wage of employees of private businesses in New Mexico grew faster than the national average of 3.0%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Healthcare with 15.8% of the businesses in the state. The number of businesses in this sector increased by 6.5%. Professional services (11.8%), which increased by 4.9% and Retail trade (10.0%), which decreased by 0.2%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Company management4212.0%
Healthcare5906.5%
Waste services1755.6%
Professional services3394.9%
Information454.7%
Educational services404.6%
Wholesale trade1264.6%
Transport and warehousing594.0%
Real estate and rental933.8%
Construction1683.2%
Mining and oil extraction343.0%
Other services882.2%
Finance and insurance562.0%
Accommodation and food services831.9%
Agriculture and forestry141.6%
Manufacturing201.1%
Arts and entertainment81.0%
Retail trade-11-0.2%
Utilities-3-1.1%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 14.5% of the employees in the state, had an increase in employees of 1.1% in the last year. Retail trade (10.8%), decreased by 1.8% and Accommodation and food services (10.5%), increased by 1.2%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Mining and oil extraction2,62511.2%
Arts and entertainment7648.1%
Waste services1,9514.6%
Real estate and rental3994.0%
Professional services2,0953.7%
Manufacturing8823.3%
Transport and warehousing5773.1%
Company management1342.4%
Finance and insurance4422.0%
Educational services1731.8%
Construction6951.5%
Wholesale trade3011.4%
Accommodation and food services1,0561.2%
Healthcare1,2931.1%
Other services1110.5%
Retail trade-1,631-1.8%
Utilities-146-3.4%
Agriculture and forestry-492-5.0%
Information-948-8.1%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Utilities paying $1,892per week compared with the state average of $871. Weekly wages in this sector rose by $169 or 9.8%. Mining and oil extraction ($1,644), rose by $75 or 4.8% and Professional services ($1,570) increased by $13 or 0.8% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Information$15315.1%
Utilities$1699.8%
Waste services$466.7%
Wholesale trade$676.3%
Mining and oil extraction$754.8%
Finance and insurance$594.7%
Real estate and rental$314.2%
Other services$274.2%
Arts and entertainment$163.8%
Manufacturing$363.4%
Accommodation and food services$113.3%
Educational services$233.1%
Transport and warehousing$262.7%
Healthcare$212.6%
Construction$212.3%
Professional services$130.8%
Company management$90.6%
Agriculture and forestry$10.2%
Retail trade$-4-0.7%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In New Mexico. the industry with the most businesses is Services for the elderly and disabled with 7.6% of the businesses in the state (with 4,681 employing 19,016 workers). The Services for the elderly and disabled industry had 463 more businesses, an increase of 11.0% in the last year. Restaurants and other eating places (5.3% of businesses) added 47 businesses, an increase of 1.5% and Computer systems design and related services (2.3% of businesses) added 140 businesses, an increase of 11.0% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Trusts estates and agency accounts19190.0%
Hunting and trapping2100.0%
Other consumer goods rental6377.8%
Amusement arcades555.6%
Ambulance services1753.1%
Soap and cleaning compound manufacturing350.0%
Urethane and other foam product manufacturing240.0%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Services for the elderly and disabled46311.0%
Computer systems design and related services14011.0%
Other consumer goods rental6377.8%
Temporary help services6211.4%
Gasoline stations with convenience stores528.5%
Offices of real estate agents and brokers488.4%
Restaurants and other eating places471.5%


Employees by Industry

Restaurants and other eating places (5.3% of employees) added 47 employees, an increase of 1.5% and Computer systems design and related services (2.3% ofemployees) added 140 employees, an increase of 11.0% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Other financial vehicles13422.2%
Forging and stamping142261.3%
Geophysical surveying and mapping services142164.7%
Animal slaughtering and processing235134.9%
Advertising material distribution services3198.4%
Other heavy construction30986.0%
Tour operators1866.6%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
Support activities for mining2,38315.3%
Oil and gas pipeline construction1,19936.7%
General medical and surgical hospitals1,0014.7%
Research and development in the physical engineering and life sciences9664.0%
Telephone call centers96612.2%
Direct life and health insurance carriers63614.3%
Computer systems design and related services54810.3%


Average Weekly Wage by Industry

Restaurants and other eating places ($5) and Computer systems design and related services ($2) round out the top 3 industries. Employees in the Restaurants and other eating places ($5 per week) were paid $47 more per week, an increase of 1.5% and Computer systems design and related services ($2 per week) were paid $140 more per week, an increase of 11.0% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Other publishers$1,757127.0%
All other financial investment activities$92579.3%
Language schools$16960.8%
Promoters without facilities$25758.4%
Employment placement and executive search$45055.1%
Motion picture and video production$52253.0%
Remediation services$49946.8%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Other publishers$1,757127.0%
All other financial investment activities$92579.3%
Electric power generation$52828.3%
Motion picture and video production$52253.0%
Remediation services$49946.8%
Hvac equip. merchant wholesalers$45931.2%
Employment placement and executive search$45055.1%


Company Size

New Mexico Businesses by Size

The solopreneur company, has the most businesses in New Mexico by far. 62.2% of all businesses in the state have fewer than 5 employees. The 55,035 small businesses in the state represent 96.1% of all private businesses. The national average is 92.9%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) New Mexico added 1,966 businesses in the last year, an increase of 3.6% as compared to the national average of 3.0%.

Small businesses are defined as companies with fewer than 50 employees. These small businesses added 1,927 businesses in the last year, which is an increase of 3.6% as compared to the national average of 3.1%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 39 businesses in the last year, which is an increase of 1.8% as compared to the national average of 1.3%.

Large businesses are defined as companies with more than 500 employees. These large businesses added 0 businesses in the last year, which is an increase of 0.0% as compared to the national average of 2.1%.



New Mexico Employees by Business Size

New Mexico added 30,845 employees in the last year, an increase of 5.0% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 5,963 businesses in the last year, which is an increase of 12.2% as compared to the national average of 4.2%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 20,750 employees in the last year, which is an increase of 9.2% as compared to the national average of 4.7%.

Large businesses are defined as companies with more than 500 employees. Large businesses added 4,132 employees in the last year, which is an increase of 6.2% as compared to the national average of 9.2%.

New Mexico Avg Weekly Wages by Business Size

New Mexico workers in every size business are paid less than the national average. The smallest companies in New Mexico (those with fewer than 5 employees) pay workers 18.9% less than the national average ($845 per week as compared to the national average of $1,005 per week). The largest companies in New Mexico (those with more than 1,000 employees) pay 11.5% workers below the national average ($1,715 per week as compared to the national average of $1,913 per week).

Average weekly wages in small businesses added $79 per week in the last year, which is an increase of 2.7% as compared to the national average of 3.1%. Employees of mid-sized businesses added $72 in wages per week in the last year, which is an increase of 2.8% as compared to the national average of 1.3%.

Employees of large businesses added $167 of weekly wages in the last year, which is an increase of 6.7% as compared to the national average of 2.1%.



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.