New Mexico's Jobless Rate Rises

Jul 19, 2013

State officials report that New Mexico's unemployment increased slightly last month and that job growth remains slow.

The Department of Workforce Solutions said Friday that the seasonally adjusted unemployment rate was 6.8 percent in June. It was 6.7 percent in May and 7.0 percent in June 2012.

State officials say New Mexico gained 7,200 jobs since June 2012, with a job growth rate of 0.9 percent.

The leisure and hospitality industry accounted for the largest increase, picking up 3,700 jobs since last year.

Officials say the financial industry added 2,300 jobs and construction industry gained 1,900 jobs.

The state has lost 3,400 federal jobs since June 2012 with 2,400 coming in local government. Officials say the sharp drop is due to seasonal employment and will settle when schools resume classes.

Copyright 2013 The Associated Press.