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New Mexico’s February unemployment rate remained 3.1 percent

March 23, 2019

ALBUQUERQUE, N.M. (AP) — New Mexico’s unemployment rate held steady in February.

The Department of Workforce Solutions’ monthly report released Friday said February’s seasonally adjusted unemployment rate was 5.1 percent, unchanged from January 2019 and February 2018.

The state’s non-farm economy grew by 7,400 jobs, or a little under 1 percent, in the year since February 2018.

The private sector accounted for all of the increase, led by serving-providing industries’ gain of 4,700 jobs while goods-producing industries added 3,500 jobs.

The leisure and hospitality sector had the biggest gain with 3,700 additional jobs.

Meanwhile, government lost 800 jobs.