From December 2024 to March 2025, gross job gains from opening and expanding private-sector establishments in New Mexico were 40,523, while gross job losses from closing and contracting private-sector establishments were 39,440, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Michael Hirniak noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 1,083 jobs in the private sector during the first quarter of 2025. (See table 1.) During the previous quarter, gross job gains exceeded gross job losses by 1,005. (See chart 1.)

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy. Business Employment Dynamics (BED) statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Business Employment Dynamics Technical Note.)

Gross job gains

In the first quarter of 2025, gross job gains represented 5.9 percent of private-sector employment in New Mexico; nationally, gross job gains accounted for 5.6 percent of private-sector employment. (See chart 2.) Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. In New Mexico, gross job gains at expanding establishments totaled 32,966 in the first quarter of 2025, a decrease of 450 jobs compared to the previous quarter. Opening establishments accounted for 7,557 jobs gained in the first quarter of 2025, a decrease of 759 jobs from the previous quarter.

Gross job losses

In the first quarter of 2025, gross job losses represented 5.8 percent of private-sector employment in New Mexico; nationally, gross job losses accounted for 5.4 percent of private-sector employment.  (See chart 3.) Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. In New Mexico, contracting establishments lost 31,517 jobs in the first quarter of 2025, a decrease of 967 jobs from the prior quarter. Closing establishments lost 7,923 jobs, a decrease of 320 jobs from the previous quarter.  

Industries

Gross job gains exceeded gross job losses in 6 of the 8 published industry sectors in New Mexico in the first quarter of 2025. Retail trade had the largest over-the-quarter net job increase, with a gain of 1,043 jobs. This was the result of 5,010 gross job gains and 3,967 gross job losses. The construction industry had a net gain of 658 jobs, followed by the education and health services industry, with a net gain of 571 jobs. Leisure and hospitality showed a net loss of 447 jobs, the largest loss of any sector in the state.

For more information

The BED data series include gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class. BED data for the states have been included in table 2 of this release. Additional information is available online at the Business Employment Dynamics homepage and the Business Employment Dynamics Summary.

The Business Employment Dynamics for Second Quarter 2025 are scheduled to be released on Thursday, February 26, 2026, at 8:00 a.m. (MT).

Technical Note

The Business Employment Dynamics (BED) data are a product of a federal-state cooperative program known as Quarterly Census of Employment and Wages (QCEW). The BED data are compiled by the U.S. Bureau of Labor Statistics (BLS) from existing QCEW records.

More information on formal definitions of the data used in this release, along with coverage, concepts, and methodology, can be found in the Business Employment Dynamics Technical Note.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Private-sector gross job gains and losses by industry, New Mexico, seasonally adjusted

Category	Gross job gains and losses (3 months ended)					Gross job gains and losses as a percent of employment (3 months ended)
	Mar. 2024	June 2024	Sept. 2024	Dec. 2024	Mar. 2025	Mar. 2024	June 2024	Sept. 2024	Dec. 2024	Mar. 2025
Total private (1)
Gross job gains	43,626	41,712	43,123	41,732	40,523	6.4	6.1	6.3	6.1	5.9
At expanding establishments	35,934	33,420	34,716	33,416	32,966	5.3	4.9	5.1	4.9	4.8
At opening establishments	7,692	8,292	8,407	8,316	7,557	1.1	1.2	1.2	1.2	1.1
Gross job losses	41,590	43,866	42,477	40,727	39,440	6.1	6.5	6.2	5.9	5.8
At contracting establishments	32,709	37,356	34,254	32,484	31,517	4.8	5.5	5.0	4.7	4.6
At closing establishments	8,881	6,510	8,223	8,243	7,923	1.3	1.0	1.2	1.2	1.2
Net employment change (2)	2,036	-2,154	646	1,005	1,083	0.3	-0.4	0.1	0.2	0.1
Construction
Gross job gains	4,729	4,549	5,167	5,143	5,112	8.8	8.5	9.6	9.5	9.2
At expanding establishments	3,617	3,776	4,181	4,184	4,239	6.7	7.1	7.8	7.7	7.6
At opening establishments	1,112	773	986	959	873	2.1	1.4	1.8	1.8	1.6
Gross job losses	5,312	4,883	4,243	4,188	4,454	9.8	9.2	8.0	7.7	8.0
At contracting establishments	4,375	4,032	3,256	3,285	3,569	8.1	7.6	6.1	6.0	6.4
At closing establishments	937	851	987	903	885	1.7	1.6	1.9	1.7	1.6
Net employment change (2)	-583	-334	924	955	658	-1.0	-0.7	1.6	1.8	1.2
Wholesale trade
Gross job gains	931	1,044	938	1,100	987	4.5	5.0	4.5	5.3	4.7
At expanding establishments	683	798	728	877	818	3.3	3.8	3.5	4.2	3.9
At opening establishments	248	246	210	223	169	1.2	1.2	1.0	1.1	0.8
Gross job losses	920	945	1,087	998	928	4.4	4.4	5.2	4.7	4.4
At contracting establishments	720	766	782	763	705	3.4	3.6	3.7	3.6	3.3
At closing establishments	200	179	305	235	223	1.0	0.8	1.5	1.1	1.1
Net employment change (2)	11	99	-149	102	59	0.1	0.6	-0.7	0.6	0.3
Retail trade
Gross job gains	5,863	5,033	5,042	4,046	5,010	6.3	5.3	5.3	4.3	5.3
At expanding establishments	4,860	3,870	4,186	3,223	4,356	5.2	4.1	4.4	3.4	4.6
At opening establishments	1,003	1,163	856	823	654	1.1	1.2	0.9	0.9	0.7
Gross job losses	4,741	5,237	4,904	5,797	3,967	5.0	5.5	5.2	6.2	4.2
At contracting establishments	3,696	4,491	4,175	4,952	3,282	3.9	4.7	4.4	5.3	3.5
At closing establishments	1,045	746	729	845	685	1.1	0.8	0.8	0.9	0.7
Net employment change (2)	1,122	-204	138	-1,751	1,043	1.3	-0.2	0.1	-1.9	1.1
Financial activities
Gross job gains	1,905	1,754	1,668	1,755	1,750	5.8	5.3	5.1	5.4	5.3
At expanding establishments	1,439	1,286	1,309	1,242	1,298	4.4	3.9	4.0	3.8	3.9
At opening establishments	466	468	359	513	452	1.4	1.4	1.1	1.6	1.4
Gross job losses	1,724	1,805	1,764	1,730	1,675	5.3	5.5	5.4	5.3	5.1
At contracting establishments	1,200	1,369	1,299	1,334	1,047	3.7	4.2	4.0	4.1	3.2
At closing establishments	524	436	465	396	628	1.6	1.3	1.4	1.2	1.9
Net employment change (2)	181	-51	-96	25	75	0.5	-0.2	-0.3	0.1	0.2
Professional and business services
Gross job gains	6,611	7,315	7,904	6,293	6,090	5.4	6.0	6.5	5.2	5.1
At expanding establishments	5,223	5,779	5,983	4,828	4,694	4.3	4.7	4.9	4.0	3.9
At opening establishments	1,388	1,536	1,921	1,465	1,396	1.1	1.3	1.6	1.2	1.2
Gross job losses	6,736	7,865	7,634	7,593	6,287	5.5	6.5	6.2	6.2	5.2
At contracting establishments	5,174	6,699	6,005	5,854	4,784	4.2	5.5	4.9	4.8	4.0
At closing establishments	1,562	1,166	1,629	1,739	1,503	1.3	1.0	1.3	1.4	1.2
Net employment change (2)	-125	-550	270	-1,300	-197	-0.1	-0.5	0.3	-1.0	-0.1
Education and health services
Gross job gains	6,004	6,912	6,015	7,041	6,204	4.4	5.1	4.3	5.0	4.4
At expanding establishments	5,066	5,580	4,985	5,186	4,656	3.7	4.1	3.6	3.7	3.3
At opening establishments	938	1,332	1,030	1,855	1,548	0.7	1.0	0.7	1.3	1.1
Gross job losses	6,867	4,754	5,768	5,637	5,633	5.1	3.5	4.1	4.1	4.0
At contracting establishments	4,859	4,074	4,185	4,242	4,095	3.6	3.0	3.0	3.1	2.9
At closing establishments	2,008	680	1,583	1,395	1,538	1.5	0.5	1.1	1.0	1.1
Net employment change (2)	-863	2,158	247	1,404	571	-0.7	1.6	0.2	0.9	0.4
Leisure and hospitality
Gross job gains	7,131	7,276	7,017	7,551	7,212	7.1	7.2	7.0	7.5	7.3
At expanding establishments	5,853	6,025	5,799	6,613	5,950	5.8	6.0	5.8	6.6	6.0
At opening establishments	1,278	1,251	1,218	938	1,262	1.3	1.2	1.2	0.9	1.3
Gross job losses	7,125	7,420	8,602	6,796	7,659	7.0	7.4	8.7	6.8	7.7
At contracting establishments	6,168	6,438	7,621	5,720	6,478	6.1	6.4	7.7	5.7	6.5
At closing establishments	957	982	981	1,076	1,181	0.9	1.0	1.0	1.1	1.2
Net employment change (2)	6	-144	-1,585	755	-447	0.1	-0.2	-1.7	0.7	-0.4
Other services (3)
Gross job gains	1,713	1,241	1,656	1,745	1,615	8.2	6.2	8.1	8.4	7.7
At expanding establishments	1,378	864	1,347	1,354	1,302	6.6	4.3	6.6	6.5	6.2
At opening establishments	335	377	309	391	313	1.6	1.9	1.5	1.9	1.5
Gross job losses	1,721	1,705	1,168	1,528	1,529	8.3	8.4	5.8	7.4	7.3
At contracting establishments	1,308	1,297	765	1,177	1,241	6.3	6.4	3.8	5.7	5.9
At closing establishments	413	408	403	351	288	2.0	2.0	2.0	1.7	1.4
Net employment change (2)	-8	-464	488	217	86	-0.1	-2.2	2.3	1.0	0.4
(1) Includes unclassified sector not shown separately. (2) The net employment change is the difference between total gross job gains and total gross job losses. See the Technical Note for further information. (3) Except public administration.

Table 2. Private-sector gross job gains and losses as a percent of total employment by state, seasonally adjusted

Category	Gross job gains as a percent of employment (3 months ended)					Gross job losses as a percent of employment (3 months ended)
	Mar. 2024	June 2024	Sept. 2024	Dec. 2024	Mar. 2025	Mar. 2024	June 2024	Sept. 2024	Dec. 2024	Mar. 2025
United States(1)	5.9	5.8	5.8	5.9	5.6	5.5	5.9	5.8	5.7	5.4
Alabama	5.9	5.6	5.8	5.8	5.3	5.6	5.6	5.9	5.3	5.6
Alaska	10.7	10.2	8.0	10.3	10.0	8.5	9.6	9.6	9.5	8.1
Arizona	8.2	5.6	6.4	6.1	5.8	6.5	6.5	5.7	5.9	5.3
Arkansas	5.6	5.3	5.5	5.8	5.1	5.2	5.7	5.2	4.8	5.1
California	6.0	6.2	6.3	6.7	6.0	5.7	6.9	6.2	6.4	6.2
Colorado	6.4	6.6	6.3	6.2	6.2	7.4	5.8	6.4	6.5	6.8
Connecticut	5.8	5.8	5.5	5.5	5.6	5.2	5.5	5.6	5.5	5.3
Delaware	6.2	5.8	6.8	6.1	5.9	5.0	6.5	6.4	6.3	5.3
District of Columbia	5.1	5.1	4.9	5.0	4.8	5.0	5.4	5.0	5.5	5.8
Florida	5.8	6.1	6.5	6.0	5.8	5.5	5.8	5.7	6.2	5.5
Georgia	6.1	5.9	5.8	6.0	5.5	5.7	5.7	6.1	5.4	5.7
Hawaii	5.6	5.2	5.7	5.3	4.9	5.1	5.6	5.0	5.0	5.0
Idaho	7.9	7.5	7.1	8.2	7.3	8.1	7.2	7.5	6.8	7.3
Illinois	5.2	5.1	4.9	5.1	5.0	4.8	5.1	5.0	5.1	5.0
Indiana	5.3	5.2	5.3	5.5	5.4	5.1	5.5	5.3	5.1	5.2
Iowa	6.2	5.6	5.3	5.6	5.8	5.7	5.8	6.0	5.6	5.5
Kansas	5.9	5.9	5.3	5.9	5.5	5.5	5.6	5.6	5.2	5.4
Kentucky	5.9	5.3	5.4	5.3	5.2	5.1	5.8	5.4	5.5	4.8
Louisiana	6.3	5.8	6.1	6.2	5.6	5.6	6.2	5.8	5.5	5.6
Maine	7.4	7.2	6.2	7.0	7.4	6.3	7.1	7.1	7.1	6.3
Maryland	6.1	7.1	5.9	6.0	5.9	5.5	5.9	6.1	5.9	5.7
Massachusetts	5.3	5.7	5.0	5.3	5.0	5.1	5.6	5.8	5.5	5.1
Michigan	5.5	5.7	5.3	5.4	5.2	5.2	5.4	5.8	5.9	5.3
Minnesota	6.1	5.7	5.1	5.5	5.1	5.2	5.2	5.8	5.1	5.5
Mississippi	6.0	5.7	6.3	6.3	5.7	5.8	6.3	5.7	6.2	6.1
Missouri	5.9	5.6	5.6	5.7	5.4	5.4	5.8	5.8	5.3	5.2
Montana	8.1	7.9	7.2	8.4	8.0	7.6	7.6	8.0	7.8	7.5
Nebraska	5.9	5.5	5.6	5.6	5.2	5.1	5.6	5.6	5.5	5.3
Nevada	6.0	5.8	6.2	6.1	5.4	6.1	5.8	5.9	5.6	5.9
New Hampshire	6.4	6.1	5.6	6.3	6.5	5.8	6.0	6.7	5.9	6.1
New Jersey	5.5	5.9	5.4	6.0	5.6	5.5	5.5	5.8	5.5	5.4
New Mexico	6.4	6.1	6.3	6.1	5.9	6.1	6.5	6.2	5.9	5.8
New York	6.0	5.8	5.7	5.7	6.6	5.0	5.5	5.8	5.5	5.0
North Carolina	5.5	5.6	5.5	6.1	5.4	5.4	5.5	5.8	5.5	5.5
North Dakota	6.9	6.6	6.5	6.5	6.7	6.0	6.6	6.5	6.6	6.5
Ohio	5.5	5.2	5.2	5.4	5.2	4.8	5.3	5.4	5.1	4.9
Oklahoma	5.8	5.7	6.1	6.0	5.5	5.3	6.4	5.5	5.5	5.3
Oregon	6.6	6.0	6.3	6.2	5.8	5.9	6.3	6.6	6.6	6.2
Pennsylvania	5.1	4.9	5.1	5.2	5.0	4.6	5.2	5.0	4.8	4.7
Rhode Island	6.8	6.6	6.2	7.3	6.6	5.7	6.7	6.4	6.3	5.9
South Carolina	6.5	6.1	6.2	6.4	6.1	6.3	6.0	5.9	5.9	5.5
South Dakota	6.4	6.0	5.9	6.7	6.2	5.8	6.2	5.9	5.9	6.5
Tennessee	5.7	5.5	5.6	5.5	5.4	5.0	5.6	5.7	6.2	5.1
Texas	5.5	5.4	5.7	5.8	5.1	5.1	5.3	5.3	5.2	5.1
Utah	6.9	6.5	6.8	6.8	6.6	6.3	6.9	6.2	6.3	6.0
Vermont	7.5	6.7	6.6	6.7	6.9	6.3	7.4	7.1	6.7	6.8
Virginia	5.8	5.6	5.8	5.8	5.6	5.3	5.7	5.7	5.5	5.1
Washington	5.7	5.9	5.8	5.8	5.7	6.2	5.6	5.8	5.7	5.5
West Virginia	7.1	7.0	5.9	6.5	6.4	6.1	6.7	6.6	6.1	5.7
Wisconsin	5.7	5.3	5.1	5.3	5.0	4.9	5.6	5.5	5.2	4.9
Wyoming	8.4	8.2	8.9	8.9	8.1	8.4	8.8	8.5	8.3	8.7
Puerto Rico	5.3	5.5	5.4	4.3	6.3	4.7	4.9	5.0	5.4	5.4
Virgin Islands	6.4	4.9	4.7	5.2	5.4	5.3	5.7	7.5	10.8	7.6
(1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands. The sum of the states will not necessarily add to the U.S. total because of the independent seasonal adjustment of each state.