In May, among the 50 states and the District of Columbia unemployment fell in 13, rose in 17, and remained unchanged in 21.
The highest unemployment rate was 5.3 percent in District of Columbia, and the lowest was 2 percent in North Dakota and South Dakota. Nationally, the unemployment rate rose by 0.1 percentage point to 4 percent.
In May, payroll jobs rose in 42 states and fell in 9. The largest payroll job percent increase was 0.9 percent in Idaho. The largest payroll job percent decline was 0.3 percent in Minnesota.
In May, New Mexico added 2,300 net payroll jobs and the unemployment rate remained unchanged at 3.8 percent. In the prior month, New Mexico lost 400 net payroll jobs.
Over the past 12 months, New Mexico added 15,600 net payroll jobs and the unemployment rate rose by 0.2 percentage points from 3.6 percent.
Nationally, nonfarm payrolls rose by 272,000 in May, or 0.2 percent. New Mexico is tied for 18th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
In May, New Mexico’s private sector added 1,900 net private payroll jobs, and over the past 12 months it added 9,000 private payroll jobs. In the prior month, New Mexico lost 700 net private payroll jobs.
In May, employment in New Mexico rose by 512, and over the past 12 months it rose by 1,713.
New Mexico’s labor force participation rate remained steady at 57.2 percent in May and is tied for 47th in the nation. In the past 12 months, the labor force participation rate has fallen by 0.2 percentage points.
New Mexico added 2,300 net payroll jobs, or 0.3 percent, on a seasonally adjusted basis during May. In the prior month, New Mexico lost 400 jobs. New Mexico nonfarm payroll employment has increased in 9 of the past 12 months.
Nationally, nonfarm payrolls rose by 272,000 in May, or 0.2 percent. New Mexico is tied for 18th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
New Mexico added 1,900 private sector jobs, or 0.3 percent. on a seasonally adjusted basis during May. In the prior month, New Mexico lost 700 jobs. New Mexico private sector payroll employment has increased in 8 of the past 12 months.
Nationally, private sector payroll jobs rose by 229,000 jobs in May, or 0.2 percent. New Mexico is tied for 27th in the nation for percentage gain in private sector payroll employment over the past 12 months.
The best performing sectors on a seasonally adjusted basis during May were Leisure and Hospitality (1,000) and Education and Health Services (500).
The poorest performing sectors during the month were Manufacturing (-100) and Construction tied with Financial Activities (-200).
The best performing sectors during the last 12 months were Government (6,600) and Education and Health Services (4,500).
The poorest performing sectors during the last 12 months were Mining and Logging (-500) and Information (-2,100).
The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.
The labor force participation rate in New Mexico remained unchanged at 57.2 percent in May.
New Mexico is tied for 47th in the nation.
The 10-year high for the labor force participation rate in New Mexico was 58.5 percent occurring in May 2017, and the 10-year low was 54.3 percent in April 2020.
The national labor force participation rate fell by 0.2 percentage points to 62.5 percent in May.