New Mexico unemployment rate drops to 6.3 percent in July

Andrew Cummings
August 19, 2017

Despite a slight increase over the past month, the unemployment rate is a reflection of the state's constricting labor market, Braun said.

Unemployment decreased slightly across the region in June, the Pennsylvania Department of Labor & Industry reported on Friday.

The unemployment rates for cities have not been seasonally adjusted, so they can not be directly compared with the state unemployment rate.

MA lost 200 jobs in July as the state's unemployment rate slid into line with the national rate at 4.3 percent, the first time unemployment in the state has not been lower than the country overall since 2008.

The agency says Idaho's rate is 63 percent, the lowest participation rate since May of 1976.

According to state economists, July and August are peak months for seasonal employment in seafood processing, construction, leisure, and hospitality. There were 33,000 more unemployed persons over the year compared to July 2016. Over the year, information gained 1,300 (+1.5 percent) jobs.

The industry that saw the largest gain in jobs month-over-month was leisure and hospitality, adding 3,800 jobs, with 2,700 coming from accommodation and food services and 1,100 coming from arts, entertainment and recreation.

The comparable national rate for July was 4.3 percent. MA has added 45,200 jobs since July 2016, according to preliminary estimates.

The remaining 400 jobs consisted of local and state government positions, which Weaver said were primarily related to education and health care. Over the year, professional, scientific and business services added 9,500 (+1.7 percent) jobs.

The rise in unemployment at a time of healthy job growth is often a sign that more people are resuming job searches after having removed themselves from the workforce. Jobs in trade, transportation, and utilities increased 5,400.

Government lost 1,700 (-0.4 percent) jobs over the month.

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