New Mexico's unemployment rate highest in the nation
New numbers show New Mexico has the highest unemployment rate of any state in the country – 5.9%. That number is actually improving, just not as quickly as every other state.
Carla Sonntag, president of the New Mexico Business Coalition, said business owners worry unemployment benefits are still keeping workers away, and the lingering effects of COVID-19 are still hurting everyone.
Reilly White, UNM professor, tracks all things finance. He believes there are a few key reasons for high unemployment. New Mexico has fewer big, private companies compared to other states, and while the state withstands recessions initially, the state historically hires less quickly – which was seen in 2008.
"What that means is, it takes us a very long time to recover from economic downturns like we had back in 2020," White said.
https://www.kob.com/albuquerque-news/new-mexicos-unemployment-rate-highest-in-the-nation/6428734/?cat=500