Data / Job destruction rate / New Mexico

Job destruction rate in New Mexico

Job destruction rate in New Mexico was 11.003% in 2023, according to the U.S. Census Bureau. That is up 0.12 pts from 2022. That is the 21st highest of 51 states in 2023.

202311.003%
Change on 2022+0.12 pts
Rank21st of 51US states ranked
Series high21.2541983
Series low10.6362015

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Job destruction rate in New Mexico, 1978 to 2023

1012.51517.52022.519781985199219992006201320231978: 16.538 %1979: 16.137 %1980: 19.246 %1981: 18.09 %1982: 18.062 %1983: 21.254 %1984: 16.276 %1985: 17.385 %1986: 19.704 %1987: 20.199 %1988: 18.942 %1989: 16.996 %1990: 14.723 %1991: 17.607 %1992: 17.031 %1993: 14.575 %1994: 14.36 %1995: 13.447 %1996: 15.407 %1997: 17.564 %1998: 15.399 %1999: 16.208 %2000: 14.805 %2001: 16.411 %2002: 18.313 %2003: 14.429 %2004: 14.099 %2005: 13.999 %2006: 12.541 %2007: 15.502 %2008: 15.315 %2009: 16.155 %2010: 14.036 %2011: 11.95 %2012: 13.065 %2013: 13.404 %2014: 10.858 %2015: 10.636 %2016: 11.406 %2017: 12.516 %2018: 11.162 %2019: 10.786 %2020: 10.986 %2021: 17.172 %2022: 10.881 %2023: 11.003 %
%. Source: U.S. Census Bureau, Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010. Retrieved 2026-10-12, published 2025-09-25.
All 46 values
Period%
202311.003
202210.881
202117.172
202010.986
201910.786
201811.162
201712.516
201611.406
201510.636
201410.858
201313.404
201213.065
201111.95
201014.036
200916.155
200815.315
200715.502
200612.541
200513.999
200414.099
200314.429
200218.313
200116.411
200014.805
199916.208
199815.399
199717.564
199615.407
199513.447
199414.36
199314.575
199217.031
199117.607
199014.723
198916.996
198818.942
198720.199
198619.704
198517.385
198416.276
198321.254
198218.062
198118.09
198019.246
197916.137
197816.538

Compared with United States

Place2023
New Mexico11.003
United States11.059

Rankings

Definition

Jobs lost at closing and shrinking establishments during the year, as a percentage of average employment in the two years. United States: Census Bureau Business Dynamics Statistics.

A gross flow: jobs added elsewhere are not subtracted, so the net change is job_creation_rate minus this rate. Not a layoff rate: it counts positions lost at establishments, not people who lost a job. The year is the twelve months to March: 2023 compares March 2022 with March 2023.

How to cite

U.S. Census Bureau. Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Census Bureau. (2025). Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010 (Job destruction rate, New Mexico, 1978 to 2023) [Data set]. Retrieved October 12, 2026, from https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv

MLA 9

Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010, Job destruction rate, New Mexico, 1978 to 2023. U.S. Census Bureau, 25 Sept. 2025, https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv. Invokely, https://invokely.ai/en/job-destruction-rate/new-mexico. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Census Bureau. 2025. Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010. Job destruction rate, New Mexico, 1978 to 2023. Dataset. Accessed October 12, 2026. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv. Also distributed by Invokely, https://invokely.ai/en/job-destruction-rate/new-mexico.

Harvard

U.S. Census Bureau (2025) Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010, Job destruction rate, New Mexico, 1978 to 2023 [Dataset]. Available at: https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv, via Invokely: https://invokely.ai/en/job-destruction-rate/new-mexico (Accessed: 12 October 2026).

BibTeX
@misc{census_job_destruction_rate_new_2023,
  author = {{U.S. Census Bureau}},
  title = {{Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010: Job destruction rate, New Mexico, 1978 to 2023}},
  year = {2025},
  howpublished = {Data set},
  url = {https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/job-destruction-rate/new-mexico. Publisher attribution: U.S. Census Bureau. Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023\_st.csv. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - U.S. Census Bureau
TI  - Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010: Job destruction rate, New Mexico, 1978 to 2023
PY  - 2025
DA  - 2025/09/25
PB  - U.S. Census Bureau
DB  - Invokely
UR  - https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv
L2  - https://invokely.ai/en/job-destruction-rate/new-mexico
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/job-destruction-rate/new-mexico.
N1  - Publisher attribution: U.S. Census Bureau. Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st.csv. Retrieved 2026-10-12.
ER  -
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Questions

What is the job destruction rate in New Mexico?

Job destruction rate in New Mexico was 11.003% in 2023, according to the U.S. Census Bureau. That is up 0.12 pts from 2022. That is the 21st highest of 51 states in 2023.

Where does this figure come from?

U.S. Census Bureau. Business Dynamics Statistics: job destruction rate, all covered industries, nation and states from 1978, counties from 2010. Retrieved by Invokely on 2026-10-12.

What was the highest job destruction rate in New Mexico?

21.254% in 1983, the highest value since 1978 in this series.

Job destruction rate elsewhere in United States

Related statistics for New Mexico

All statistics for New Mexico | New Mexico in figures