Joblessness is down across New Mexico, but still trails national rate

• The state’s jobless fee of 5.3% in March was down from the revised fee of 5.6% in February.
• However the state continues to path each different state within the nation in placing its residents again to work.
• New Mexico’s unemployment fee stood at 7.2% a 12 months in the past.

FARMINGTON — Regardless of seeing its jobless fee fall once more in March, New Mexico ranked final amongst all 50 states in unemployment for the third month in a row, in keeping with figures launched by federal and state businesses.

The state’s jobless fee of 5.3% in March was down from the revised fee of 5.6% in February, in keeping with the New Mexico Division of Workforce Options. However the state continues to path each different state within the nation in placing its residents again to work, in keeping with the U.S. Bureau of Labor Statistics.

Nevada and Alaska — each at an excellent 5% — registered as the one two different states with a fee of 5% or larger. Washington, D.C., posted a jobless fee of 6% for March.

New Mexico’s unemployment fee stood at 7.2% a 12 months in the past.

Extra:Regardless of excessive unemployment, San Juan County nonetheless has 1000’s of jobs obtainable

The nationwide unemployment fee for March was 3.6%, a decline from the February fee of three.8%. It was 6% a 12 months in the past.

Nebraska and Utah, each at 2%, had the bottom jobless fee within the nation in March, adopted by Indiana at 2.2% and Montana at 2.3%. A complete of 14 states posted a fee of lower than 3%.

The Farmington metropolitan statistical space posted a jobless fee of 5.4% for March, a discount from the February revised fee of 5.8% and a substantial decline from the March 2021 fee of 8.4%.

However the Farmington fee remained the best of the state’s 4 MSAs, simply because it has for fairly a while. The Santa Fe space had the bottom fee at 4%, adopted by Albuquerque at 4.1% and Las Cruces at 4.8%. All 4 of the state’s MSAs noticed a discount from the February jobless fee.

On a county-by-county foundation, San Juan County, with its unemployment fee of 5.4%, once more had the ninth-highest fee in New Mexico. Luna County was worst at 13.8%, whereas Sierra County was subsequent at 7.3%. McKinley County (6.6%), Cibola and Taos counties (6.3%), Lea and Guadalupe counties (6%) and Torrance County (5.9%) adopted.

On the different finish of the spectrum, Los Alamos County continued to put up the bottom jobless fee within the state at 2.1%, whereas Union County was second at 2.8% Curry County (3.3%) adopted, as did De Baca County (3.4%), Roosevelt County (3.6%), Harding and Hidalgo counties (3.7%) and Eddy County (3.9%). In January, solely two counties in New Mexico had an unemployment fee of lower than 4%.

Mike Easterling could be reached at 505-564-4610 or measterling@daily-times.com. Help native journalism with a digital subscription: http://bit.ly/2I6TU0e.