ALBUQUERQUE, N.M. (AP) — New Mexico's unemployment rate fell for the fifth straight month in July.

The New Mexico Department of Workforces Solutions reports Thursday that the unemployment was 6.7 percent, down from 6.8 percent in June and 8.5 percent a year ago. The national unemployment rate dropped to 9.1 percent.

July marked the fifth straight monthly decrease in unemployment since the state's jobless rate peaked at 8.7 percent earlier this year. But the state says the recent declines resulted from workers leaving the labor force, not an increase in employment.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.