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In-Demand Occupations

Occupational job growth is an important measure for job seekers, educators, and workforce professionals. The goal of educators and workforce professionals is to make sure they are training and educating students to successfully fill positions that are being demanded by employers. For the job seeker, knowing which occupations are most demanded by employers provides important insight into the careers that are likely to offer more employment opportunities.

To address the need to identify occupations that are projected to experience some of the strongest growth in the near future, the Economic Research and Analysis Bureau has applied select job growth criteria to occupational projections in order to identify occupations considered to be “in demand.” These occupations are projected to see some of the strongest growth between 2014 and 2024. In-demand occupations are specific to each workforce region and metropolitan statistical area (MSA) in New Mexico.

In-Demand Criteria

An in-demand occupation is any occupation that is projected to have:

  1. More job openings: Projected annual job openings of the specific occupation are greater than the openings of at least 75 percent of all occupations (i.e., in the top twenty-fifth percentile for openings).
  2. Faster job growth: The projected percentage growth of employment in the specific occupation is higher than the average percentage growth for all occupations in the area.

In-Demand Methodology and Definitions


STAR Occupations

While demand is an important measure for job seekers when evaluating an occupation’s potential employment opportunities, wage is also a critical factor when making career decisions. Job seekers, especially those who are young and still in school, will be investing a lot in their future, and employability and income measures will help them gauge the potential return on their investments.

STAR occupations go a step further than in-demand occupations in that they incorporate wage data. STAR occupations are those that have the strongest employment growth and competitive wages amongst all occupations, and in some cases, occupations requiring the same level of education. STAR occupations are produced at the state-level only and are defined using two different demand categories and three different wage categories.

STAR Occupation Criteria
 

Demand

In-Demand

In order for an occupation to be classified as a STAR occupation, it must first be an in-demand occupation.

  1. Projected annual openings are greater than the openings of at least 75 percent of all occupations (i.e., in the top twenty-fifth percentile) for the area.
  2. The projected percentage employment growth in the occupation is higher than the average percentage growth for all occupations in the area.

High-Demand

In order for an occupation to be classified as in "high-demand," it must first meet the in-demand criteria. It must then also have:

  1. Projected annual openings that are greater than the openings of at least 90 percent of all occupations (i.e., in the top tenth percentile) for the area.
  2. Projected percentage growth of employment that is higher than the percentage growth of at least 75 percent of all occupations (i.e., in the top twenty-fifth percentile) for the area.

Wage

Education Wage
In order for an occupation to be classified as having an education wage, its median wage (i.e., fiftieth percentile wage) must be greater than the median across all occupations within the area that require the same minimum education.

High Wage
In order for an occupation to be classified as having a high wage, its median wage must be greater than the median wage across all occupations within the area.

Top Wage
In order for an occupation to be classified as having a top wage, its median wage must meet the education-wage and high-wage criteria.

STAR Occupation Methodology and Definitions

STAR Occupation Definitions

  • A 5-STAR occupation is a High-Demand occupation and a Top-Wage occupation.
  • A 4-STAR occupation is either a High-Demand occupation and a High-Wage occupation OR an In-Demand occupation and a Top-Wage occupation.
  • A 3-STAR occupation is either a High-Demand occupation and an Education-Wage occupation OR an In-Demand occupation and a High-Wage occupation.

 

New Mexico’s STAR Occupations Poster

This resource is produced every two years, as new employment projections are produced. They present New Mexico’s best occupational opportunities based on projected job openings, rate of employment growth, and wages. Information on education and preparation level are also provided for reference.

 

 

 

 

 

New Mexico’s Occupational Outlook: New Mexico’s Best Job Options

This graphic brochure features New Mexico's fastest growing occupations, occupations with the most annual job openings, top jobs by education level, jobs with the greatest growth potential, and much more.

 


In-demand and STAR occupations are updated every two years with the release of occupational employment projections. The next round of employment projections will be produced in 2018.