New Mexico’s seasonally adjusted unemployment rate was 4.0 percent in July 2024, up from 3.9 percent in June and up from 3.7 percent in the previous year. The national unemployment rate in July was 4.3 percent, up from 4.1 percent in June and up from 3.5 percent in July 2023. Total nonagricultural payroll employment grew by 19,200 jobs, or 2.2 percent, between July 2023 and July 2024.
New Mexico’s seasonally adjusted unemployment rate was 3.9 percent in June 2024, up from 3.8 percent in May and up from 3.6 percent in the previous year. Total nonagricultural payroll employment grew by 18,300 jobs, or 2.1 percent, between June 2023 and June 2024.
The New Mexico Labor and Industrial Commission will hold a meeting and appeals hearing on May 29, 2024, at 1:00 p.m.