Albuquerque Unemployment Rate Drops

Another indication that our real estate market suffers more from perception than reality.

Unemployment for the state dropped to 3.5% in April -- down from 3.8% in March and also less than the 3.6% of April '07. The national average was 5.0% for April.

Albuquerque, at 3.5%, tied with the state figure. By far the most job growth was seen in the education and health services sector - a solid 3% during the last 12 months.