New Mexico's unemployment rate now exceeds national rate
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August 23, 2020
ALBUQUERQUE, N.M. (AP) — New Mexico's jobless rate has jumped to 12.7%, the highest rate for the state since the coronavirus pandemic began in the U.S. in March.
The unemployment rate is up from 8.4% in June, reversing a steady downward trend since April, when the rate was 11.3%, the Albuquerque Journal reported.
The U.S. unemployment rate was 10.2% in July, down from 11% in June.
All major sectors in New Mexico experienced year-to-year job losses, the state Department of Workforce Solutions said in a statement. Industries like leisure and hospitality reported the biggest employment losses.
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