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New Mexico Jobless Rate Drops To 6.5 Percent

  New Mexico's seasonally adjusted unemployment rate dropped in October to 6.5 percent, down from 6.6 percent in September and below the 6.8 percent rate of October 2013.

The state Department of Workforce Solutions reported Friday that New Mexico's economy added 9,100 jobs during October, with gains in nine economic sectors more than offsetting losses in four others.

The education and health services sector added 4,900 jobs — more than half of the new positions — while manufacturing lost 2,300 jobs for the biggest loss by one sector.

Other sectors with big gains included financial activities with 2,000 additional jobs and mining and logging with 1,700 jobs.

The state has recorded net jobs gains since June following eight months of year-over-year job losses.

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