- Associated Press - Monday, March 14, 2016

ALBUQUERQUE, N.M. (AP) - New Mexico’s unemployment rate showed only minor change in January.

The Department of Workforce Solutions reports that the seasonally adjusted unemployment rate was 6.5 percent in January 2016, down from 6.6 percent in December and up from 6.4 percent in January 2015.

The department says total nonfarm payroll employment contracted by 1,800 jobs between January 2016 and January 2015. That decrease represents a fifth of a percentage point.

According to the department, the global decline in oil prices continues to drag mining and businesses that serve that industry.

Goods-producing industries lost 8,100 jobs over the year, with the mining industry alone losing 7,700 jobs.

Employment in service industries increased by 6,300 jobs. The education and health services industry had the biggest gain at 7,300 additional jobs.


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