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NM’s unemployment rate unchanged in March

ALBUQUERQUE, N.M. — New Mexico’s unemployment rate held steady at 8.3% in March, according to newly released data from the New Mexico Department of Workforce Solutions.

The state’s unemployment rate was tied for third-highest in the nation in March, behind Hawaii and New York, according to the U.S. Bureau of Labor Statistics. The national unemployment rate was 6.0% in March, according to BLS.

In New Mexico, total non-agricultural payroll employment fell by 65,600 jobs, or 7.7%, since March 2020, according to DWS. Leisure and hospitality continued to report the heaviest employment losses, shedding 18.9% of total jobs since March 2020.

Employment in the mining, logging and construction sector declined, by 13.6%, with mining and logging — a sectors that includes much of the state’s oil and gas industry — accounting for the majority of the losses, according to the state workforce agency.

Metro Albuquerque and Santa Fe each reported unemployment rates of 7.5% in March, and metro Las Cruces posted a rate of 8.0%, according to DWS. Farmington continued to report the highest unemployment rate among New Mexico’s metropolitan areas, with a rate of 9.7%.

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