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The New Mexico Department of Workforce Solutions reported last month that the state's unemployment rate stood at 3.9%. The unemployment rate didn't change from March through May at 3.8%, data shows.
New Mexico's unemployment rate ranked 32nd-lowest in the country, tied with Arizona and Ohio. Neighboring Texas ranked 35th with a rate of 3.9% and Colorado had a rate of 3.7%, good enough for 31st.
Initial filings for unemployment benefits in New Mexico rose last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, increased ...
The New Mexico Department of Workforce Solutions is a state government agency in New Mexico. The agency is responsible for economic development, education initiatives, labor relations, unemployment, workforce technology, volunteerism, and workforce development. [1] [2] [3]
New Mexico: 54.2 1.7 49 Mississippi: 52.7 0.6 50 West Virginia: 52.5 1.3 See also. List of U.S. states and territories by unemployment rate; Job creation index;
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Jun. 25—ALBUQUERQUE, N.M. — Just one state had an incrementally higher unemployment rate than New Mexico in May, according to new federal data. New Mexico posted a seasonally adjusted ...
Oil and gas production, tourism, and federal government spending are important drivers of New Mexico 's economy. The state government has an elaborate system of tax credits and technical assistance to promote job growth and business investment, especially in new technologies. In 2017 New Mexico's gross domestic product was $94.2 billion.