Thursday, December 29, 2011

NM New Unemployment Claims Increase

For New Mexico the number of new claims for unemployment compensation are still increasing.

The good news is that the increase is smaller than before. The week ending December 17 is the latest for which figures are available. Claims increased 87 from the same week a year earlier.

For the seven weeks between November 5 and December 17, claims increased for three weeks and dropped for four. For the period, new claims grew by 510 over the previous year.

By contrast, for the week of December 19, 2009, new claims increased 215 over the same week in 2008. For the week of November 7, 2009, claims jumped by 691 from the 2008 week.

The number of new claims compared to a year earlier is considered a good proxy for labor market behavior.

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