The New Mexico Department of Workforce Solutions released their Monthly Employment News Release for October, 2020.
New Mexico’s seasonally adjusted unemployment rate was 8.1 percent in October 2020, down from 9.9 percent in September and up from 4.8 percent in the previous year. The national unemployment rate in October was 6.9 percent, down from 7.9 percent in September and up from 3.6 percent in October 2019. Total nonagricultural payroll employment fell by 54,700 jobs, or 6.3 percent, between October 2019 and October 2020.
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