All Employees: Government: Local Government in New Mexico
This dataset tracks all employees: government: local government in new mexico over time.
Latest Value
105.80
Year-over-Year Change
0.38%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in local government in the state of New Mexico. It is an important indicator of the size and strength of the public sector in the state's economy.
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 'All Employees: Government: Local Government in New Mexico' metric tracks the total employment in local government agencies and departments across New Mexico. This data provides insight into the role of the public sector as an employer within the state's economy.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the fiscal health and labor market conditions of New Mexico's local governments.
Key Facts
- New Mexico's local government employs over 100,000 workers.
- Local government jobs account for 15% of total employment in the state.
- Employment in this sector has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees working in local government agencies and departments across the state of New Mexico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the size and role of the public sector as an employer within New Mexico's economy, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the fiscal health and labor market conditions of New Mexico's local governments, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, All Employees: Government: Local Government in New Mexico (SMS35000009093000001), retrieved from FRED.