Sources & References
Metro Job Market Pulse · Santa Fe, NM MSA · October 2026
Every advertised-pay, job-posting and industry figure in this briefing comes from WageScape's own database of active job postings. The sources below back the external facts cited in the written analysis.
Sources cited in this report
Key Indicators
National wage growth at 3.0% against 3.4% inflation
Bureau of Labor Statistics — National average hourly earnings, Sept 2026
This Month's Takeaways
New Mexico civilian labor force declined from 982.4k to 969.8k
New Mexico Department of Workforce Solutions — Civilian labor force trend, 2026
New Mexico construction employment down 4.2% year-over-year
New Mexico Department of Workforce Solutions — Sector employment trends, 2026
Local Economic Conditions
Santa Fe MSA unemployment rate reached 4.9% in July 2026
Bureau of Labor Statistics / The Hire Firm — Santa Fe MSA unemployment data, July 2026
New Mexico job growth under 1% from June 2025 to June 2026
New Mexico Taxation & Revenue Department — State job growth commentary, Sept 2026
Looking Ahead
Public-sector employment down ~1,000 jobs year-over-year in New Mexico
New Mexico Department of Workforce Solutions — Public vs private sector employment, March 2025–26
How the numbers are calculated
- Advertised pay is the median of the pay ranges employers publish in active job postings in this metro. It is not survey or payroll data.
- Percent changes compare the latest six full months with the six months before that, for the same metro and sector.
- Sectors group postings by the employer's industry (NAICS) classification into ten sectors. Where a metro has too few postings in a sector, the state figure is used instead.
- Role pay trends use the same comparison windows. "Stable" means a change of less than 3%; "moderate" 3–10%; "significant" more than 10%.
Official data for comparison