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New Mexico Unemployment Insurance Trust Fund to be fully restored with federal funding

Stacy Johnston 0 3587 Article rating: No rating

The New Mexico Department of Workforce Solutions will be receiving more than $600 million in American Rescue Plan Act (ARPA) funding from the New Mexico Department of Finance and Administration to replenish the Unemployment Insurance (UI) Trust Fund as well as pay back a federal loan issued by the U.S. Department of Labor to support the overwhelming surge of UI claimants during the COVID-19 pandemic.

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