Great Productivity
New Mexico’s workforce is one of the country’s most productive, evidenced by its high value added per hour of work.
Value Added Per Work Hour
Manufacturing Production Workers
|
| United States |
$82.96 |
| Arizona |
$128.83 |
| California |
$96.46 |
| Colorado |
$83.87 |
| Nevada |
$69.48 |
| New Mexico |
$143.33 |
| Texas |
$92.15 |
| Source: Census Survey of Mfg, 2001 data |
Competitive Wages
New Mexico’s average manufacturing wages are competitive in the region, combined with a high rate of value added. Simply put, New Mexicans produce more for less. In addition, union activity and unemployment insurance remain low.
| Comparison of Average Weekly Wages for Manufacturing Industries* |
| |
Arizona |
Colorado |
New Mexico |
Oklahoma |
Texas |
Utah |
| 1st Quarter 2004 |
$1,039 |
$1,026 |
$808 |
$730 |
$1,005 |
$719 |
| 2003 Annual |
$973 |
$978 |
$760 |
$725 |
$938 |
$731 |
| * Private sector only |
| Source: U.S. Department of Labor, Bureau of Labor Statistics, Quarterly Census of Employment & Wages |
Low Utility Costs
New Mexico has plentiful natural resources that allow us to produce all the energy we need right here in the state. Consequently, our electricity and natural gas rates are among the most competitive in the nation.
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