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Moving to a new area comes with risks. One requirement is that you will need to understand the customs of your new home. However, these risks are smaller for many Americans that want to live in warmer climates that are better for them healthwise. Historically, they packed up their bags and moved to Florida and California. While the climate is warm in these areas the cost of living has skyrocketed. Many seniors that move for retirement reasons are on a fixed income and can't afford the high living costs. This has caused them to search for a new retirement area. New Mexico has surfaced as a great place for retirees. Prior to uprooting your life and moving to a new situation, you are going to want to know everything you can about the economic situation of that new environment. Even if you are retired and not looking to enter into the work force, you still do not want to enter into a tax system that is strained and struggling to maintain basic social services. So if you are thinking about relocating to New Mexico, here is some useful information about the economy. The unemployment rate of New Mexico for 2004 was 5.7%. This is slightly higher than the national average, but it really is nothing to be terribly concerned about especially since the trend has been toward lower unemployment. Over a quarter of the jobs in New Mexico are those in the government sector. This is because there are many military facilities which are home to several air bases. Education services placed second as far as being the biggest employer in New Mexico. Construction has a great future in New Mexico since New Mexico is constantly growing. This growth can be demonstrated by the 20% population in the late 20th century. Much of New Mexico's wealth comes from minerals and will continue to be the case years into the future. Large deposits of salt, potash, manganese, copper ore, and natural gas are good news for the economy. New Mexico remains the largest producer of uranium ore. New Mexico is a significant player in the modern high tech economy. Los Alamos, New Mexico brings in a great deal of high tech jobs. Besides Los Alamos, most high tech careers are military defense related. In addition, Alburquerque has become the new place for manufacturing jobs. New Mexico is not a tourism magnet, but it does hold its own. The largest attraction remains the Carlsbad Caverns National Park but other sites such as the Aztec Ruins National Monument are popular with visitors as well. If you are thinking about relocating to New Mexico, then you probably don't have too much to worry about with regards to the economy. With a healthy government job base and a growing manufacturing sector, the economy appears to be heading in the right direction. Factor in the beautiful climate and breath taking scenery, and it is no wonder that New Mexico remains a growing state with more people calling it home every year.
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About the author: Fiona Michaels is the proprietor of FYI New Mexico, the best place on the internet when you're after fresh up to date advice and comment to do with New Mexico. For questions or comments about this article visit: www.fyinewmexico.com/articles Feel free to grab a unique version of this article from the new mexico Articles Submission Service
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