Southern New Mexico economy

Employment in Las Cruces grew moderately from March 2025 to March 2026. More recently, employment grew at a milder pace from December 2025 through March 2026, and wages declined slightly over the same time period. The unemployment rate increased over the three months ending in February. Copper prices increased to new highs in April, and potash prices declined slightly over the three months ending in March.

Eleventh District banks, benefitting from steady profits, strong credit conditions and improving bank capital levels, are well positioned to compete in a changing regulatory environment.

Global energy markets faced increased volatility in early 2026 following the geopolitical shock of the Iran conflict. The closure of the Strait of Hormuz, as well as attacks on related infrastructure in the region, have not only pushed crude prices up sharply but widened the spread between fuel costs and crude prices. The result has been higher prices at the pump.

Texas' booming private space industry is making access to space broader and cheaper than ever before.

Bankers responding to the first-quarter survey reported slightly worsening conditions across most of the Eleventh District.

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