New Mexico's Tech Industry Totals 42,500 Jobs
High-Tech Exports and Venture Capital Investments Are Up in New Mexico in 2005Contact: Cory Miller, 480..607.0233
Scottsdale, AZ (April 19, 2006) – AeA, the nation’s largest trade association representing all segments of the high-tech industry, today released its ninth annual Cyberstates report detailing national and state trends in high-tech employment, wages, exports, and other key economic factors. The report, Cyberstates 2006: A Complete State-by-State Overview of the High-Technology Industry, covers all 50 states, the District of Columbia, and Puerto Rico.
New Mexico's high-tech industry employment fell by a net 1,300 jobs, for an industry total of 42,500 in 2004, the most current state data available. These losses were concentrated primarily in the telecommunications services sector, which lost 1,100 jobs in 2004. This follows a nationwide trend.
The report shows that New Mexico's economy is highly concentrated in the technology industry. High-tech exports accounted for 77 percent of all exports in the state (ranked 2nd nationwide) and are essential to its economy. Likewise, over seven percent of New Mexico's workforce is employed by the tech industry, the 6th highest concentration of tech workers in the nation.
Read the whole press release on the AEA website.
