New Mexico brief

Rule set version 1, status watch · covering 2026 Q1

5 findings fired for New Mexico this run, against a typical home value of $318,241 in August 2026 and covered employment of 867,405 in 2026 Q1.

The full New Mexico page, with its largest counties and every section’s source.

New Mexico: 5 findings, 1 at a watch level and 4 noted

  1. watchNew Mexico's covered employment is -0.4% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

    Period 2026 Q1.
    Show the arithmetic
    • test: jobs.yoy.emp = -0.4 < 0

    BLS QCEW over-the-year percent change, as published; not an official level

  2. noteNew Mexico's average weekly wage was 2.7% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

    Period 2026 Q1.
    Show the arithmetic
    • +2.7 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
    • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

    BLS QCEW over-the-year percent change, as published

  3. noteNew Mexico's covered employment was 0.4% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

    Period 2026 Q1.
    Show the arithmetic
    • -0.4 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
    • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

    BLS QCEW over-the-year percent change, as published

  4. noteThe next Unemployment rate (BLS Employment Situation, monthly) covering New Mexico is due between 2026-09-25 and 2026-10-09, estimated from the publisher's past release pattern.

    Show the arithmetic
    • window = 2026-09-25 to 2026-10-09, estimated from the publisher's past release pattern

    estimated from the publisher's past release pattern; not an announced date

  5. noteThe next Zillow ZHVI typical home value (monthly) covering New Mexico is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.

    Show the arithmetic
    • window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern

    estimated from the publisher's past release pattern; not an announced date

Next release

Unemployment rate (BLS Employment Situation, monthly), between 2026-09-25 and 2026-10-09 (approximate).

Sources #

  • publishedQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    area 35, all ownerships, all industries · period 2026-Q1 · retrieved 2026-10-02
  • publishedZillow Home Value Index (ZHVI)Zillow Researchopen the source
    State_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv · period 2026-08 · retrieved 2026-10-02
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-02 · month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-02 · momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
  • estimateQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    · retrieved 2026-10-02 · typical home value / (average weekly wage × 52); one average covered job, not a household

Citations

  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. series area 35, all ownerships, all industries. period 2026-Q1. https://data.bls.gov/cew/data/api/2026/1/area/35.csv. accessed 2026-10-02.
  • Zillow Research. Zillow Home Value Index (ZHVI). series State_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. period 2026-08. https://files.zillowstatic.com/research/public_csvs/zhvi/State_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. accessed 2026-10-02.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-02. estimate computed by Embedding Atlas: month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-02. estimate computed by Embedding Atlas: momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%).
  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. https://www.bls.gov/cew/. accessed 2026-10-02. estimate computed by Embedding Atlas: typical home value / (average weekly wage × 52); one average covered job, not a household.

What these numbers are not

  • The newest BLS QCEW file carries no year-earlier level, only the over-the-year percent change BLS publishes itself. Every employment and wage comparison here states that published change; none of them is a move from one level to another, because the two levels are not both in the file.
  • The named indicators shown beside this brief are national or basin-level series, not measurements of New Mexico; 30-year fixed mortgage rate (watch), Los Angeles + Long Beach container volume, annual (watch), Shanghai to Los Angeles container rate (watch) and WTI crude oil, spot (watch) are at a watch or alert level. They are context.

Page assembled 2026-10-02T03:08:30.832Z. Place identity tables have never been pulled: names, centroids and memberships come from the offline seed, which is complete for states and metropolitan areas and partial for counties.