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Bureau of Labor Statistics > Geographic Information > Southwest > News Release
News Release Information

24-373-DAL
Tuesday, February 20, 2024

Contacts Technical information: Media contact:
  • (972) 850-4800

New Mexico Job Openings and Labor Turnover — December 2023

New Mexico had 54,000 job openings in December 2023, compared to 57,000 openings in November, the U.S. Bureau of Labor Statistics reported today. (See table 1.) Assistant Commissioner for Regional Operations Michael Hirniak noted that the job openings rate in New Mexico was 5.8 percent in December and 6.1 percent in the previous month. (See chart 1 and table 2.) The job openings rate nationally was 5.4 percent in December, unchanged from November. (See table 3.) All data in this release are seasonally adjusted.

  Chart 1. Job openings rates for the United States and New Mexico, seasonally adjusted
View Chart Data
 

The ratio of unemployed persons per job opening in New Mexico was 0.7 in December. Nationwide, 32 states and the District of Columbia had ratios in December that were lower than the national measure of 0.7 unemployed persons per job opening; 8 states had ratios equal to the national ratio, and 10 states had ratios that were higher. (See map 1.)

Map 1. Number of unemployed persons per job opening by state, December 2023, seasonally adjusted

(U.S. ratio = 0.7)

In December, New Mexico had 32,000 hires and 30,000 separations, compared to 32,000 hires and 34,000 separations in November. (See chart 2.) Over the 12 months ending in December, hires and separations each averaged 35,000 per month. These averages include workers who may have been hired and separated more than once during the year.

  Chart 2. Hires and total separations in New Mexico, seasonally adjusted
View Chart Data
 

Among the December separations in New Mexico, 16,000 were quits and 12,000 were layoffs and discharges, compared to 22,000 quits and 9,000 layoffs and discharges in November. (See chart 3.) Over the last 12 months, quits averaged 22,000 per month, ranging from 16,000 to 25,000. Layoffs and discharges have averaged 10,000 per month, ranging from 8,000 to 12,000.

  Chart 3. Quits and layoffs and discharges in New Mexico, seasonally adjusted
View Chart Data

The State Job Openings and Labor Turnover Survey estimates for January 2024 are scheduled to be released on Tuesday, March 19, 2024, at 8:00 a.m. (MT).


Technical Note

This news release presents statistics from the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). The JOLTS program provides information on labor demand and turnover. The state estimates produced by JOLTS are model-based incorporating JOLTS sample, Quarterly Census of Employment and Wages (QCEW), and Current Employment Statistics (CES) estimates. For more information see the JOLTS State Estimates Methodology.

Job Openings. Job openings include all positions that are open on the last business day of the reference month. A job is open only if it meets all three of these conditions:

  • A specific position exists and there is work available for that position.
  • The job could start within 30 days.
  • The employer is actively recruiting workers from outside the establishment to fill the position.

The number of unemployed persons per job opening is a ratio of the level of unemployed persons and the level of job openings. The number of unemployed persons at the national level is an estimate from the Current Population Survey (CPS), while state-level unemployment estimates are modeled by the Local Area Unemployment Statistics (LAUS) program. A ratio of 1.0 means there is a job available for every unemployed person. Lower ratios signal tighter labor markets, where firms have more job openings than there are unemployed persons available to work. Higher ratios indicate there are more unemployed persons competing for each job opening.

Hires. Hires include all additions to the payroll during the entire reference month.

Separations. Separations include all separations from the payroll during the entire reference month and is reported by type of separation: quits, layoffs and discharges, and other separations.

  • Quits include employees who left voluntarily, except for retirements or transfers to other locations.
  • Layoffs and discharges include involuntary separations initiated by the employer.
  • Other separations include retirements, transfers to other locations, separations due to employee disability, and deaths.

Levels and rates of other separations represent a small portion of total separations and are not published with the release of state estimates.

Complete definitions, including exclusions, and additional information about the State JOLTS data presented in this release are available in the State Job Openings and Labor Turnover 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. Job openings and labor turnover for New Mexico, seasonally adjusted (in thousands)
Estimate December 2022 September 2023 October 2023 November 2023 December 2023(p) Change from November 2023 to December 2023(p)

Openings

 63 57 56 57 54 -3

Hires

 36 34 35 32 32 0

Total separations

 33 35 33 34 30 -4

Quits

 23 23 22 22 16 -6

Layoffs & discharges

 7 9 9 9 12 3

(p) Preliminary.

Table 2. Job openings and labor turnover rates for New Mexico, seasonally adjusted
Estimate December 2022 September 2023 October 2023 November 2023 December 2023(p) Change from November 2023 to December 2023(p)

Openings(1)

 6.9 6.1 6.0 6.1 5.8 -0.3

Hires(2)

 4.2 3.9 4.0 3.7 3.7 0.0

Total separations(3)

 3.9 4.0 3.8 3.9 3.4 -0.5

Quits(3)

 2.7 2.6 2.5 2.5 1.8 -0.7

Layoffs & discharges(3)

 0.8 1.0 1.0 1.0 1.4 0.4

(p) Preliminary.
(1) The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100.
(2) The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100.
(3) The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.

Table 3. Job openings and labor turnover rates for the United States, seasonally adjusted
Estimate December 2022 September 2023 October 2023 November 2023 December 2023(p) Change from November 2023 to December 2023(p)

Openings(1)

 6.8 5.6 5.3 5.4 5.4 0.0

Hires(2)

 4.0 3.8 3.7 3.5 3.6 0.1

Total separations(3)

 3.8 3.6 3.6 3.4 3.4 0.0

Quits(3)

 2.6 2.3 2.3 2.2 2.2 0.0

Layoffs & discharges(3)

 1.0 1.0 1.0 1.0 1.0 0.0

(p) Preliminary.
(1) The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100.
(2) The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100.
(3) The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.

 

Last Modified Date: Tuesday, February 20, 2024