New Mexico sees unemployment drop in September - Albuquerque Journal

New Mexico sees unemployment drop in September

Ashley Lopez browses for job opportunities during the 10th Annual Senator Michael Padilla Job Fair at Harrison Middle School in Southwest Albuquerque in July 2022. (Chancey Bush/ Albuquerque Journal)

Copyright © 2022 Albuquerque Journal

New Mexico’s unemployment rate has continued to drop after a year of falling rates, according to new data from New Mexico Department of Workforce Solutions.

In September of this year, New Mexico unemployment dropped to 4.2% from 5.9% in January.

That’s also down two percentage points from last September, when unemployment in the state was at 6.2%. This mirrors nationwide trends; between September 2021 and September 2022, national unemployment fell 1.2%.

“For the third month in a row, we’ve brought New Mexico’s unemployment rate to the lowest it has been in nearly 15 years – that’s huge,” said Gov. Michelle Lujan Grisham in a press release. “We continue to see substantial job growth, adding over 31,000 new jobs in the last year in sectors from construction and hospitality to education and health care.”

Unemployment in the state spiked in mid-2020 to 12.5%, but rates have been falling steadily since the July 2020 highs.

The current rate is lower than pre-pandemic unemployment; the state hasn’t seen unemployment this low since 2008. However, New Mexico still has a higher unemployment rate than the rest of the country, with nationwide unemployment sitting at 3.5%. And, New Mexico has one of the highest unemployment rates in the Southwest region; out of nine Southwestern states included in the DWS analysis, New Mexico had the second highest unemployment.

The state fared better comparatively in job creation; New Mexico added 31,500 non-farm jobs over the past year, making it the Southwestern state with the fifth-highest employment growth.

Home » ABQnews Seeker » New Mexico sees unemployment drop in September

Insert Question Legislature form in Legis only stories




Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

ABQjournal can get you answers in all pages

 

Questions about the Legislature?
Albuquerque Journal can get you answers
Email addresses are used solely for verification and to speed the verification process for repeat questioners.
1
Three charged in large-scale drug operation on West Side
ABQnews Seeker
his older brother and the brother’s ... his older brother and the brother’s girlfriend reportedly took the helm. The new management was short-lived. On Thursday agents raided several homes and a ...
2
Electric Playhouse places bet for second location on the ...
ABQnews Seeker
  Electric Playhouse is placing a ...   Electric Playhouse is placing a bet on Vegas. The Albuquerque-based company that focuses on interactive and immersive play experiences is set to open ...
3
Lawmakers look at ways to stanch the rise of ...
ABQnews Seeker
Lawmakers showed a bipartisan appetite Friday ... Lawmakers showed a bipartisan appetite Friday to tackle retail theft in New Mexico, which has emerged as a costly problem to businesses — and ...
4
Lujan Grisham adds to Cabinet as NM celebrates American ...
ABQnews Seeker
James R. Mountain of the Pueblo ... James R. Mountain of the Pueblo de San Ildefonso was appointed Friday to lead the Indian Affairs Department under Gov. Michelle Lujan Grisham. The ...
5
ABQ woman sentenced to 12 years in wife’s 2019 ...
ABQnews Seeker
An Albuquerque woman who fatally stabbed ... An Albuquerque woman who fatally stabbed her wife was sentenced Friday to 12 years in prison after pleading no contest to second-degree murder in ...
6
The nitty gritty of Roth IRA conversions
ABQnews Seeker
Roth IRAs offer many benefits over ... Roth IRAs offer many benefits over traditional IRAs. I have written previous articles, encouraging readers to build their Roth IRAs through contributions or conversions. ...
7
Laguna Pueblo starts work on affordable housing project
ABQnews Seeker
The Laguna #3 affordable housing development, ... The Laguna #3 affordable housing development, which is set to complete in mid-2024, will be able to house 20 families.
8
6 major stories from New Mexico’s legislative session this ...
ABQnews Seeker
Students showed up for their passion ... Students showed up for their passion projects this week, while fissures around criminal justice system issues deepened as New Mexico lawmakers wrapped up their ...
9
'More like a home' than a hospital: Presbyterian's new ...
ABQnews Seeker
Departments and floors of the $170 ... Departments and floors of the $170 million tower will be opening on a weekly basis over the next two months.