When people leave an area, unemployment should drop. That’s because, so the theory goes, the people leaving (migration is the technical term) have some tendency to be unemployed. That doesn’t seem to apply here. Migration declined ever so slightly in 2015 from 2014, but unemployment stayed essentially the same.
The applicable theory appears to be the old Lew Wallace maxim, “Every calculation based on experience elsewhere fails in New Mexico.” Wallace was governor of New Mexico from 1878 to 1881.
During the year ended July 1, 2015, there were 13,352 people pulling up their New Mexico stakes and leaving, according to the annual population estimates released by the Census Bureau Dec. 22. The population dropped 458 during the year.
For the year ending July 1, 2014, it was 14,154 departures and an overall population decline of 1,323. The decline in out migration was 802 people, or 5.7 percent,
The departure total since the April 2010 census is 43,041 with 27,506 going during the last two years.