NEW MEXICO (KRQE) – New Mexico’s unemployment rate continues to improve. August’s rate was 4.4% down .1% from July. That’s also down from 5.2% in August 2021.
Last month, New Mexico was one of only a handful of states with an unemployment rate of 4.5% or higher. The new rate puts New Mexico in line with other surrounding states. The Governor’s office says this is the lowest unemployment rate since 2008.