Business and Economy in Albuquerque, NM
Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Albuquerque , NM, is $47,030, and check out the following articles to get an inside look at its key industries and job opportunities.
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Business in Albuquerque, NM centers on a thriving retail industry that boasts a full spectrum of shopping opportunities, from chic street shops to traditional indoor malls.
The city of Albuquerque, NM has public transportation down to a streamlined science with the rail runner.
The historic Route 66 Highway runs through Albuquerque, NM in the Nob Hill Highland District.
Albuquerque NM include aerospace and defense, energy technology including solar energy, and semicondcutor and computer chip manufacturing.
While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Albuquerque ’s economy.
Employment Rate in Bernalillo County, NM
Occupations in Albuquerque , NM
Employment in Albuquerque , NM
|Employment Armed Forces||0.3%|
|Employment Civilian Labor Force||64.3%|
|Employment Not in Labor Force||35.5%|
|Employment Total in Labor Force||64.5%|
Industry in Albuquerque , NM
|Agriculture, Forestry, Fishing and Hunting and Mining||0.9%|
|Transportation and Warehousing, and Utilities||3.2%|
|Finance and Insurance, and Real Estate and Rental and Leasing||5.3%|
|Professional, Scientific and Management and Administrative and Waste||14.6%|
|Educational Services and Health Care and Social Assistance||26.3%|
|Arts, Entertainment and recreation and Accommodation and food Services||11.5%|
|Other Services, Except Public Administration||5.2%|