- Associated Press - Friday, March 25, 2016

ALBUQUERQUE, N.M. (AP) - New Mexico’s unemployment rate is down slightly even as the decline in global oil prices continues to take a toll on the state’s economy.

The Department of Workforce Solution’s monthly report issued Friday says the seasonally adjusted unemployment rate was 6.4 percent in February, down from 6.5 percent in January and down from 6.5 percent a year ago.

The department says total nonfarm payroll employment remained virtually stable, growing by 300 jobs between February 2016 and February 2015. That small increase compares with a 2,000-job over-the-year job loss in January.

The economic sector that includes the mining industry lost 7,700 jobs in February compared with a year earlier.

On the plus side, the education and health services industry sector gained 6,100 jobs over the year.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide