Jobs and Wages in NM
One driving factor of population growth is the strength of a state’s economy. The more jobs a state has, the more people want to move there. Thus, private sector job growth is an important indicator of a state’s overall competitiveness.
New Mexico’s job growth shares the same theme as its GDP and population growth. Our state’s total employment has grown pretty well over the past decade compared to most of the country. However, New Mexico is not geographically situated next to most of the country. Rather, it borders two states with even better job growth, Texas and Utah.
With our state facing stiff competition in attracting new business and residents from its regional peers, it seems clear that New Mexico needs a competitive edge.
NM may have found that edge with the development of the new international rail modal system in Santa Theresa, in southern Dona Ana County, New Mexico. It borders on Mexico and is expected to bring a tremendous economic boon to an area that has been, historically, very unproductive.