NM's unemployment rate dips in August, Lost Wages Assistance program ends

After back-to-back months of increases, August's seasonally adjusted unemployment rate in New Mexico came in at 11.3%, down from 12.7%, according to a state Department of Workforce Solutions report. In August 2019, New Mexico’s seasonally adjusted unemployment rate was 4.8%, the release said. Nationally, the unemployment rate in August was 8.4 percent, down from 10.2 percent in July and up from 3.7 percent in August 2019, the release said. Total nonagricultural payroll employment fell by 70,500…