New Mexico's seasonally adjusted enemployment rate was 4.0% in September 2008, down from 4.6% in August but up from 3.4% a year ago. The national rate was 6.1%. The state's unemployment rate drop in September likely resulted from a statistical sampling anomaly.
The New Mexico economy is weak but the national economy appears to be even weaker. New Mexico employment sectors with the closest ties to the national economy are among those that are underperforming.
Albuquerque's economy, being connected to the national economy through several large national employers, has started to lose jobs.
The New Mexico economy is weak but the national economy appears to be even weaker. New Mexico employment sectors with the closest ties to the national economy are among those that are underperforming.
Albuquerque's economy, being connected to the national economy through several large national employers, has started to lose jobs.
Not good news, to put it mildly.
