Report: NM unemployment rate hits new high in October

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New Mexico’s unemployment rate has reached its highest point this year, and the number of jobs added over the past twelve months through October hit the second-slowest pace.

That’s according to the latest jobs report from the New Mexico Department of Workforce Solutions, which shows the unemployment rate for New Mexico was 4.3% in October. The latest unemployment rate for New Mexico is an increase from 4.2% in September — at the time the highest in 2024.

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