Contact: Jennifer RatcliffManufacturers' News, Inc.
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EVANSTON, Ill, April 12th, 2016/Manufacturers' News, Inc.
/-- New Mexico
manufacturing employment inched down in 2015, reports the 2016 New Mexico
Manufacturers Register®, an industrial database and directory published by Manufacturers' News, Inc.
) Evanston, IL. According to MNI
’s database of manufacturers, New Mexico
lost 1,548 industrial jobs from January 2015 to January 2016, or 2.8%, the first loss MNI
has reported for the state since the 2012-2013 survey period.New Mexico
is now home to 2,008 industrial companies employing 54,196 workers. MNI
data shows factory employment in New Mexico
climbed 4% between January 2011 and January 2015, after posting a 6% drop from 2009-2011.
industry greatly benefited from the oil boom, but growth is sputtering with the fall in oil prices,” says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. “However, the state’s abundance of natural resources goes beyond oil, with a stronghold in food processing, and its solid infrastructure is a draw for many enterprises.”MNI
reports losses were led by the state’s oil and gas extraction sector, which shed 10% of its workforce, after skyrocketing 67% from 2009-2015. The oil/gas sector accounts for 9,863 industrial jobs in New Mexico
, ranking it first in the state for industrial employment.
Electronics, the state’s second-largest industry by number of jobs, declined 5.6% to 6,567 jobs, reports MNI
Other industrial sectors losing jobs included paper products, down 9.5%; lumber/wood, down 7.3%; industrial machinery, down 4.8%; and fabricated metals, down 4.2%.
Losses were offset by gains in the state’s food processing sector, which rose 2.7% to 5,746 jobs, ranking it third in the state for manufacturing employment. New Mexico
saw several additions to its food processing sector in 2015 including New Mexico
Foods LLC’s tortilla factory, which started up production in a vacated Albuquerque aircraft hangar. NM Piñon Coffee Co. announced an expansion at its Albuquerque facility and Tucumcari Mountain Cheese plans a $4.5 million expansion at its Tucumcari factory.
Other gains were reported in primary metals, up 8.8%; stone/clay/glass, up 4.4%; and instruments/related products, up 2.1%MNI
’s regional data shows industrial jobs in New Mexico
’s Southeast region declined 4.2% to 12,418, and fell 2.7% in the Northwest to 32,487. The Southwest and Northeast each lost one percent, falling to 5,588 and 3,721 jobs, respectively.
City data collected by MNI
shows Albuquerque is the state’s top city by number of manufacturing jobs, down 2.5% over the year to 18,218 jobs. Employment in second-ranked Farmington declined 3.9% to 5,082 jobs. Employment held steady in third-ranked Rio Rancho at 4,528 workers, but fell 8.6% in Hobbs to 3,638. Carlsbad ranks fifth with 3,237 workers, up 3% in 2015.
Detailed profiles of all New Mexico
manufacturers can be found in the 2016 New Mexico
Manufacturers Register® available in print or online. Established in 1912, Manufacturers' News, Inc.
is the nation’s oldest and largest publisher of industrial information. MNI
offers a variety of tailored solutions to help customers connect with 430,000 manufacturers and suppliers, from print directories to online subscriptions. MNI
’s industrial database subscription service EZ Select: http://www.ezselect.com
allows users to tap into a live interactive database of manufacturers, while its industrial search engine IndustryNet http://www.industrynet.com
connects buyers and suppliers and allows users to view profiles and obtain competitive quotes. MNI
’s traditional print directories are published for each state and include in-depth profiles of every manufacturer in the U.S. For more information, contact Manufacturers' News, Inc.