Regional
5:16 pm
Thu July 28, 2011

NM Jobless Rate Drops Slightly

New Mexico – A state agency reports that New Mexico's unemployment rate has dropped slightly, reaching 6.8 percent in June.

The Department of Workforce Solutions said Thursday there was a one-tenth of a percentage point decline in the jobless rate since May.

The unemployment rate exceeded 8 percent a year ago and it peaked at 8.7 percent in January and February before starting to drop.

The agency said June was the first time in 32 months that New Mexico experienced job growth compared to the previous year. Jobs were up three-tenths of a percentage point comparing last month with June 2010. That represents an increase of 2,400 jobs.

The educational and health services industry added more jobs than any other segment of the economy, growing 6.4 percent since June 2010.

Copyright 2011 The Associated Press.