New Mexico Has Triggered Off of Extended Benefits
State Extended Benefits End December 31, 2011
(Albuquerque, NM) - The New Mexico Department of Workforce Solutions announced that New Mexico has triggered off State Extended Benefits (EB), effective December 31, 2011. Those unemployment insurance claimants with established EB claims before December 31 will continue to receive EB payments up until January 28, 2012 as part of a phase-out period.
"The department is in the process of providing notification to affected claimants," said Celina Bussey, Cabinet Secretary of the New Mexico Department of Workforce Solutions. "We will also be reaching out to claimants regarding the reemployment services available at the statewide New Mexico Workforce Connection Centers and at www.jobs.state.nm.us."
State Extended Benefits (EB) are based on a two-part formula. New Mexico’s three-month rolling average unemployment rate must be above 6.5 percent and also be 110 percent higher than the same three-month period average unemployment rate in the previous two years. Currently, New Mexico’s three-month rolling average unemployment rate is 6.6 percent; however, this average is 85 percent of the same period in the last two years. The maximum unemployment insurance benefits a claimant may potentially be eligible for in New Mexico will be 73 weeks.