New Mexico unemployment drops to 4.9 percent in June
ALBUQUERQUE, N.M. (AP) — New Mexico’s unemployment rate is down.
The state Department of Workforce Solutions reports that the seasonally adjusted unemployment rate was 4.9 percent in June 2018, down from 5.1 percent in May and from 6.1 percent in June 2017.
The department’s monthly report released Friday says total nonagricultural payroll employment grew by 17,300 jobs between June 2017 and June 2018, a 2.1 percent increase.
The private sector accounted for most of the over-the-year increase, growing by 15,900 jobs while the public sector added 1,400 jobs.