New Mexico Adds 6,700 Jobs as July Unemployment Holds at 4.8%
Updated
Updated · Los Alamos Daily Post · Aug 24
New Mexico Adds 6,700 Jobs as July Unemployment Holds at 4.8%
2 articles · Updated · Los Alamos Daily Post · Aug 24
Summary
New Mexico’s seasonally adjusted unemployment rate stayed at 4.8% in July, while total nonfarm payrolls rose 6,700 from a year earlier, a 0.8% increase.
The job growth came almost entirely from the private sector, which added 6,000 positions, while public-sector employment fell by 700 and federal payrolls dropped 2,300, or 8.0%.
Private education and health services led gains with 3,200 jobs, trade, transportation and utilities added 3,100, and mining and construction rose 1,800; professional and business services lost 2,400.
The state’s 4.8% jobless rate was up from 4.0% a year earlier and remained above the U.S. rate of 4.1%, which edged down from 4.2% in June.