Hobbs MainStreet: Community Economic Assessment

Demographic patterns in Hobbs are troubling – the population is declining and becoming much older, the ethnic transition is very rapid, and levels of educational attainment are very low and not improving. Hobbs’ economy is driven by the oil and gas economy, and is therefore subject to wide swings of boom and bust. When the market for the resources is strong, wealth is generated, but complexities hinder the distribution of this wealth to the labor force and make long term planning and investment problematic.