Quick Answer: What Is The Unemployment Rate In New Mexico?

What is the unemployment rate in New Mexico right now?

New Mexico’s seasonally adjusted unemployment rate was 7.2 percent in August, down from 7.6 percent in July and down from 9.3 percent in the previous year.

What state has the highest unemployment rate?

Unemployment Nevada had the highest unemployment rate in August, 7.7 percent, followed by California and New York, 7.5 percent and 7.4 percent, respectively. Nebraska had the lowest jobless rate, 2.2 percent, which was also a new series low for the state.

Is unemployment going up in New Mexico?

Yes, work search requirements for Unemployment Insurance (UI) in New Mexico, which had been waived due to the COVID-19 pandemic, will be put back in place for all New Mexicans receiving unemployment benefits starting the week of May 9-15, 2021 and moving forward.

Is unemployment ending in NM?

The New Mexico Department of Workforce Solutions announced on Friday that all COVID-19 federal unemployment benefit programs will end on Sept. Workforce Solutions will continue to accept new PUA applications for 30 days after the program expires.

What unemployment rate is considered full employment?

The Federal Reserve considers a base unemployment rate (the U-3 rate) of 5.0 to 5.2 percent as “full employment” in the economy. The recovery has now achieved that level, known technically as the Non-Accelerating Inflation Rate of Unemployment, or NAIRU.

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How does New Mexico benefit from tourism?

8.3% of all jobs in the state (1-in-12) are sustained by visitor spending. Tourism in New Mexico generated $629 million in state and local taxes in 2015. Visitor spending in New Mexico increased 3.6%, reaching $6.3 billion in 2015. Leisure trip spending has led growth in the visitor economy.

Is New Mexico an American state?

New Mexico, constituent state of the United States of America. It became the 47th state of the union in 1912. At its northwestern corner New Mexico joins Arizona, Utah, and Colorado in the only four-way meeting of states in the United States. The capital of New Mexico is Santa Fe.

What is unemployment rate in Texas?

In July, the seasonally adjusted Texas unemployment rate was 6.2 percent, a decrease of 0.3 percentage points from June 2021. Texas added 80,900 total nonagricultural jobs over the month, making gains in 14 of the last 15 months. Texas added a total of 714,800 jobs since July 2020.

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