All Employees: Construction in New Mexico
This dataset tracks all employees: construction in new mexico over time.
Latest Value
61.20
Year-over-Year Change
14.82%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Construction in New Mexico' metric tracks the total number of people employed in the construction industry across the state of New Mexico. This data provides insights into the health and activity of the local construction sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator measures the total employment levels in the construction industry in New Mexico. It is a key gauge of construction activity and confidence in the state's economy, as construction is a major driver of economic growth.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of New Mexico's construction industry and its broader economic conditions.
Key Facts
- New Mexico's construction employment accounts for about 5% of the state's total non-farm workforce.
- Construction jobs in New Mexico pay 15% higher on average than the state's overall private-sector wages.
- The construction industry in New Mexico has seen steady growth in recent years, adding over 4,000 jobs since 2015.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Construction in New Mexico' metric tracks the total number of people employed in the construction industry across the state of New Mexico.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of the local construction sector, which is a key driver of economic growth in New Mexico.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of New Mexico's construction industry and its broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Annual, Not Seasonally Adjusted
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Gross Domestic Product: Construction (23) in New Mexico
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Citation
U.S. Federal Reserve, All Employees: Construction in New Mexico (NMCONS), retrieved from FRED.