Why New Mexicans are Fleeing the State | Best States | US News

 

Source: Why New Mexicans are Fleeing the State | Best States | US News

But Rhatigan says the state needs to add hundreds of permanent jobs every week, not just temporary construction work, in order to compel people to start moving into New Mexico.”I don’t see anything on the horizon that would compel in-migration,” Rhatigan says. “There would have to be significant investment in the research labs or in the private sector.”By 2024, jobs requiring a high school diploma or less are projected to grow 7.6 percent, but jobs requiring at least some college education will grow 26.9 percent, with the largest share requiring a graduate or professional degree, according to the Department of Workforce Solutions report.

The educational attainment of New Mexico’s labor force, however, is less than neighboring states and the U.S. overall.Higher educational attainment rates typically correlate with higher incomes and lower unemployment and poverty rates. The median household income of $45,382 in 2015 in New Mexico was about 80 percent of the U.S. average and significantly lower than in neighboring Texas and Arizona.”When you lose a job with somebody making $80,000 or $100,000 a year, you lose one, two, three lower-level jobs that that high paying job is supporting,” Rhatigan says, adding that those high-earners are likely to leave the state if they can’t find a job with comparable wages in New Mexico.