All Employees: Goods Producing in New Mexico
This dataset tracks all employees: goods producing in new mexico over time.
Latest Value
115.10
Year-over-Year Change
8.79%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'All Employees: Goods Producing in New Mexico' series measures the total number of employees in the goods-producing sector of New Mexico's economy. This trend provides important insights into the state's industrial activity and overall economic performance.
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
The goods-producing sector includes industries like manufacturing, mining, and construction. Tracking employment in this sector helps economists and policymakers understand the strength of New Mexico's production-based businesses and their contribution to the state's economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is used to inform economic policy decisions and monitor New Mexico's industrial competitiveness.
Key Facts
- New Mexico's goods-producing employment accounts for about 13% of total nonfarm jobs.
- The goods-producing sector in New Mexico has seen gradual decline over the past two decades.
- Manufacturing is the largest component of the goods-producing sector in the state.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Goods Producing in New Mexico' series measures the total number of people employed in the goods-producing industries of New Mexico's economy, including manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the strength and performance of New Mexico's production-based businesses, which are crucial for understanding the state's overall economic conditions and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of business establishments conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to inform decisions related to industrial development, workforce training, and economic diversification strategies in New Mexico.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Employees: Goods Producing in New Mexico (SMS35000000600000001), retrieved from FRED.