New Mexico's unemployment rate now exceeds national rate
ALBUQUERQUE, N.M. (AP) — The unemployment rate in New Mexico has jumped to 12.7%. That's the highest rate the state has seen since the coronavirus pandemic began in the U.S. in March. The Albuquerque Journal reports the figure is up from 8.4% in June. That reverses a downward trend since April, when the rate was 11.3%,. The national unemployment rate was 10.2% in July, down from 11% in June. State Workforce Solutions Secretary Bill McCamley says the main factor for New Mexico's increase was that temporary furloughs for workers converted into layoffs as the pandemic dragged on. Sectors like leisure and hospitality are hit the hardest.