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NM unemployment drops, but still ranked 49th in US

NM unemployment drops, but still ranked 49th in US

KOB Web Staff and The Associated Press
August 18, 2017 05:08 PM

ALBUQUERQUE, N.M. - New Mexico's unemployment rate dropped to 6.3 percent in July, down from 6.4 percent in June and 6.8 percent in July 2016.

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New Mexico ranked 49th in the U.S. for unemployment according to the Bureau of Labor Statistics, trailed only by the District of Columbia at 6.4 percent and Alaska 7 percent. 

North Dakota has the lowest unemployment at 2.2 percent, followed by Colorado at 2.4 percent.

New Mexico's Department of Workforce Solutions' monthly report released Friday says state's economy added 8,400 jobs between July 2016 and July 2017 but lost 10,000 jobs between June and July of this year.

The department says the year-over-year jobs increase saw a loss of 3,100 government jobs partially offset a gain of 11,500 jobs in the private sector.

Education and health services added 3,700 jobs, construction employment increased by 2,300 jobs and professional and business services grew by 2,000 jobs.

Credits

KOB Web Staff and The Associated Press

Copyright 2017 KOB-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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