Jobs and Unemployment Claims Drop

Not only is the New Mexico economy losing jobs, it is producing fewer unemployed or at least fewer people seeking unemployment compensation. One would think those jobless people would head to the unemployment office.

However, over the six weeks through the week ending November 17, fewer new unemployment compensation claims were filed each week the during the same week a year earlier. The drop in new claims ranged from 626 the week ending with October 6 to 34 the week ending November 10.

During the same period of 2009, initial claims were running around 2,100 each week, a third higher than now. New claims were around 500 more than during the same week of 2008.