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The Albuquerque metro labor market
has a sizable and productive workforce. With
a population of over 840,000 and a seasonally
adjusted working population of more than 409,000,
Albuquerque’s employment accounts for nearly 47%
of the State of New Mexico’s total employment.
Through May 2008, Albuquerque’s non-agricultural
employment grew 0.5% over the year.
| Albuquerque
MSA |
2008
Population Estimates |
| Bernalillo County |
630,737 |
| Sandoval County |
120,740 |
| Valencia County |
71,540 |
| Torrance County |
17,720 |
| Total MSA |
840,737 |
| General
Labor / Population Statistics |
| Labor Force (May 08) |
409,600 |
| Unemployment Rate (May
08) |
3.8% |
| Median Age (2008 Estimate) |
36.7 |
Median Household Income
(2008 Estimate) |
$46,582 |
Source:
NM Dept. of Workforce Solutions, Research &
Analysis Bureau & Claritas, Inc.
New Mexico ranked #1 in “Innovation
Capacity” by the Progressive Policy Institute
in its annual New Economy Index.
Albuquerque has a steady supply
of new talent within the workforce because of
a large student population created by the University
of New Mexico, Central New Mexico Community College
(formerly TVI), and the Albuquerque Public School
District.
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Metropolitan Area Occupational
Employment and Wage Estimates
| Major Occupation Category |
Hourly
Mean |
Hourly
Median |
Annual
Median |
| Food Preparation &
Serving |
$7.89 |
$7.09 |
$14,758 |
| Farming, Fishing, Forestry |
$8.70 |
$7.63 |
$15,853 |
| Personal Care & Service |
$9.32 |
$8.80 |
$18,301 |
| Building & Grounds
Maintenance |
$9.52 |
$8.55 |
$17,783 |
| Healthcare Support |
$11.94 |
$11.01 |
$22,905 |
| Office & Administrative
Support |
$13.52 |
$12.73 |
$26,475 |
| Transportation & Material
Moving |
$13.98 |
$12.01 |
$24,979 |
| Sales & Related |
$14.49 |
$10.99 |
$22,861 |
| Protective Services |
$14.66 |
$13.29 |
$27,642 |
| Production |
$15.57 |
$13.52 |
$28,116 |
| Construction & Extraction |
$15.68 |
14.41 |
$29,980 |
| Community & Social
Service |
$16.83 |
$15.07 |
$31,361 |
| Installation, Maintenance,
Repair |
$17.88 |
$16.58 |
$34,481 |
| Arts, Design, Entertainment,
Sports, Media |
$20.85 |
$16.77 |
$34,879 |
| Education, Training &
Library |
$21.28 |
$20.33 |
$42,278 |
| Business & Financial
Operations |
$27.23 |
$25.09 |
$52,183 |
| Healthcare Practitioners
& Technical |
$29.61 |
$25.26 |
$52,544 |
| Life, Physical & Social
Science |
$31.65 |
$27.44 |
$57,076 |
| Legal |
$32.51 |
$29.15 |
$60,612 |
| Computer & Mathematical |
$33.23 |
$30.43 |
$63,287 |
Architecture
& Engineering |
$33.41 |
$31.10 |
$64,681 |
Management |
$38.20 |
$33.60 |
$69,891 |
Source: New
Mexico Department of Labor Economic Research &
Analysis,
Occupational Employment Statistics, March 2007
New Mexico is a non-right to work
state, but maintains a low level of union participation
in the private sector. Less than 12% of Albuquerque’s
workforce is unionized.
Workforce Development
Albuquerque’s Central NM Community
College (CNM) specializes in customized training
programs to meet company needs. CNM's Workforce
Training Center is located in a new facility that
provides video conferencing capability, a high-bay
area for large manufacturing equipment, computer
training rooms, and available instructors for
industry to use as a resource for developing and
implementing a training curriculum.
CNM also offers a two-year program
dedicated to Advanced Manufacturing that provides
a steady supply of trained personnel for local
manufacturing companies. CNM is on the leading
edge of continuing education and industrial training
with programs focused in the microelectronics
industry for the local semiconductor industry
and a new program dedicated to training microsystems
technicians.
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