Latest stats reveal more New Mexicans out of work

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By Special to the Monitor

New Mexico’s seasonally adjusted unemployment rate was 8.7 percent in February, up from 8.5 percent in January and 6.1 percent a year ago.


The national unemployment remained at 9.7 percent.


The rate of over-the-year job growth, comparing February 2010 with February 2009, was negative 2.8 percent, representing a loss of 22,800 jobs, According to New Mexico Department of Workforce Solutions.


Per the Bureau of Labor Statistics, New Mexico ranked 31st and in the top two-thirds of states for job growth.


Although below the national average of negative 2.5 percent, New Mexico’s ranking is above the southwestern states of Colorado, Arizona and Nevada.


Four of the state’s 13 industries posted job growth since last year and nine others reported employment declines. The largest gains were in leisure and hospitality, which added 2,200 jobs. These gains have appeared in the last four months of sample survey data.


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