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New Mexico jobless rate holds steady at 4.6 percent

December 22, 2018

SANTA FE, N.M. (AP) — New Mexico’s seasonally adjusted unemployment rate held steady at 4.6 percent in November, unchanged from the previous month but an improvement from 6 percent a year ago.

State labor officials announced the numbers Friday, saying the private sector saw the largest gains in a 12-month period with 17,200 jobs, or an increase of 2.6 percent.

Nationally, the jobless rate in November was 3.7 percent, unchanged from October and down from 4.1 percent in November 2017.

In New Mexico, jobs in the leisure and hospitality sector increased by 7,000, or 7.3 percent. Mining and construction employment grew by 3,000 jobs, while professional and business services employment was up 2,500 jobs, or 2.4 percent, over the year.

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