New Mexico’s seasonally adjusted unemployment rate was 12.7 percent in July 2020, up from 8.4 percent in June and up from 4.8 percent a year ago. The national unemployment rate in July was 10.2 percent, down from 11.1 percent in June 2020 and up from 3.7 percent in July 2019. Total nonagricultural payroll employment fell by 70,100 jobs, or 8.2 percent, between July 2019 and July 2020.
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