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New Mexico unemployment ready steady at 4.9%

ALBUQUERQUE – New Mexico’s seasonally adjusted unemployment rate for August remains at 4.9%, unchanged from July.

The Department of Workforce Solutions says that rate compares with 4.8% in August 2018 and that nonagricultural payroll employment grew by 15,500 jobs, or nearly 2%, in the past year.

Both the public and private sectors saw employment gains, with the private sector accounting for about three-quarters of the increase and including increases in both service-providing and goods-producing industries.

Mining and construction reported the largest employment increase with a gain of 5,200 jobs, or 7.2%.