Federal Reserve Bank of St. Louis revealed that, as of September 2025, the national hiring rate has reached a decade low, with the exception of the early days of the COVID-19 pandemic. The Associated Press reports that several factors have contributed to this, including the impact of the eleven interest rate hikes that occurred in 2022 and 2023 and the dozens of tariffs enacted by President Donald Trump since the beginning of the year.
Economists generally agree that the long-run breakeven employment growth rate (or the rate at which new jobs need to be added to keep up with population growth) is somewhere between 70,000 and 90,000 jobs per month. However, according to the Bureau of Labor Statistics, in August 2025, just 22,000 new jobs were added. June and July saw a combined 87,000 new jobs added to the workforce.
Those numbers are bleak, to be sure, but not all employment news is bad. Certain sectors, like health care and social services, continue to see rapid growth. The Bureau of Labor Statistics said average hourly earnings for all employees are also up by 3.7% over the past 12 months. The total number of hours worked per week has been edging down for all employees, providing opportunities for much-needed work-life balance.
The employment story also looks quite different from state to state. Some places, like Utah, New Mexico, Hawai'i, and Idaho, are seeing high-percentage job growth year over year; others, like Washington D.C., Iowa, and Kansas, have actually seen a shrinkage in the overall number of job openings.
Using BLS jobs data, Stacker determined the fastest-growing jobs in New Mexico. Occupations were ranked by the percentage increase in employment between 2023 and 2024. Jobs were excluded from the ranking if they had fewer than 1,000 people working in them in the state.
Keep reading to learn which jobs are growing the fastest in New Mexico.
