NM unemployment rate drops in August

Andrew Cummings
September 21, 2020

The seasonally adjusted unemployment rate dipped to 16.1% in Los Angeles County in August, down from 17.9% in July, according to figures released Friday by the state Employment Development Department.

Gilpin (10.7%), Huerfano (9.4%), Summit (8.1%) and Costilla (7.9%) accounted for the counties with the highest non-seasonally-adjusted rates in August.

Despite the gains, employers have added back only about 440,000 of the roughly 850,000 jobs lost when the pandemic hit, and MA lags behind the US unemployment rate of 8.4 percent in August.

The number of nonfarm jobs rose 1% to 1.2 million month-to-month, but remains 4% lower from August of previous year.

New Mexico's unemployment rate dropped slightly in August, but still remained higher than the national average, according to new federal data.

Government jobs grew during the month. For example, Arizona's unemployment rate fell from 10.7% in July to 5.9% in August.

The sector hit record employment of 62,900 in August 2019.

The lowest unemployment rate in the Bay Area was found in Marin County at 7%; the lowest in the state was in Lassen County at 6.7%. Nebraska had the lowest rate at 4%, followed by Utah at 4.1%, and Idaho at 4.2%.

Colorado's non-seasonally-adjusted unemployment rate was 6.6%.

The only sector to post a gain in jobs from the same time as last year was the Government sector, which was up for the year by about 400 positions.

There were solid gains in private industry sectors that have struggled during the pandemic. Despite the challenging economy, retail jobs have rebounded, Pakko said.

Hardest hit has been the leisure and hospitality sector, which shed about 60% of its payroll as restaurants and bars were forced to shut down in-house service and shift food service to takeout or delivery. The health care and social assistance sector has lost more than 10,000 jobs, and 2,200 are gone in the finance and real estate sectors.

The August number was up 31,763 jobs compared with July.

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