Albuquerque Journal

NM unemployme­nt rate drops slightly in August, to 4.4%

- Copyright © 2022 Albuquerqu­e Journal BY MATTHEW NARVAIZ

New Mexico no longer has the highest rate of unemployme­nt of states in the country.

A Friday report from the New Mexico Department of Workforce Solutions shows New Mexico’s unemployme­nt rate stood at 4.4% in August. That’s a decline from 4.5% in July, when New Mexico had recorded its lowest rate of unemployme­nt since September 2008.

New Mexico in August was tied for the sixth highest rate of unemployme­nt in the country, according to Friday data from the U.S. Bureau of Labor Statistics. The District of Columbia still has the highest rate of unemployme­nt, and New York, Alaska, Illinois and Delaware all have higher rates than New Mexico, according to the data. The unemployme­nt rate for August also marks the third month New Mexico has come in below 5%, according to state and federal data.

The August unemployme­nt rate is a decline of more than 2% year over year, according to state and federal data. New Mexico, however, still trails the national unemployme­nt rate of 3.7% in August.

Bernalillo County’s unemployme­nt rate in August stood at 4%, a decline from 4.2% the previous month. Santa Fe County’s rate stood at 3.9%, a decline from 4.1% in July. And Doña Ana County had an unemployme­nt rate of 4.6% in August, a decline from 5% in the previous month.

New Mexico, in the past year, has added more than 28,000 jobs, according to the data, which translates to a 3.4% increase.

Constructi­on has been a major employer over the last year, having added more than 6,000 jobs in that time frame, according to DWS data. Jobs in the leisure and hospitalit­y sector have grown by nearly 8,000 jobs.

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