What is the unemployment rate in Albuquerque NM?
Albuquerque, NM
| Data Series | Nov 2020 | Mar 2021 |
|---|---|---|
| Unemployment Rate(3) | (2)7.7 | 7.4 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(4) | 373.9 | 376.3 |
| 12-month % change | -7.7 | -5.8 |
What is the unemployment rate in NM?
New Mexico
| Data Series | Nov 2020 | Dec 2020 |
|---|---|---|
| Unemployment Rate(2) | (r)8.5 | (r)8.6 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 785.6 | 778.4 |
| 12-month % change | -8.7 | -9.6 |
Which group has the highest unemployment rate in the US *?
In 2020, 11.7 percent of the Black or African-American population in the United States were unemployed, the highest unemployment rate of any ethnicity. In 2020, the national unemployment rate stood at 8.1 percent.
What will the unemployment rate be in May?
THE EMPLOYMENT SITUATION — MAY 2021 Total nonfarm payroll employment rose by 559,000 in May, and the unemployment rate declined by 0.3 percentage point to 5.8 percent, the U.S. Bureau of Labor Statistics reported today.
Is unemployment really down 2020?
President Donald Trump speaks to journalists in the Brady Press Briefing Room at the White House July 2, 2020. The president addressed reports that the unemployment rate fell to 11.1%. The U.S. unemployment rate is at its lowest level in months and the economy added a record number of jobs in June.
Why did unemployment decrease in May?
The federal unemployment rate dropped in May for the first time since the coronavirus sent the economy into a tailspin, the strongest sign yet that the economic damage is bottoming out — although 21 million people remain out of work. The May unemployment rate dropped to 13.3 percent from 14.7 percent.
Is unemployment really going down?
Last Friday’s release of the Employment Situation report by the Bureau of Labor Statistics showed the economy added 120,000 jobs, dropping the unemployment rate to 8.6 percent. This means the labor market is lacking roughly 10.9 million jobs.
Does unemployment affect the economy?
Key Takeaways. The unemployment rate is the proportion of unemployed persons in the labor force. Unemployment adversely affects the disposable income of families, erodes purchasing power, diminishes employee morale, and reduces an economy’s output.
Which state has the lowest unemployment rate as of Feb 2020?
North Dakota