Unemployment Insurance Weekly Claims: New Mexico had 799 New Claims with 10,000 still looking for work

In the week ending August 3, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 17,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 249,000 to 250,000. The 4-week moving average was 240,750, an increase of 2,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 238,000 to 238,250.

Source: U.S. Department of Labor

Nationally, the advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending July 27, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 27 was 1,875,000, an increase of 6,000 from the previous week’s revised level. This is the highest level for insured unemployment since November 27, 2021 when it was 1,878,000. The previous week’s level was revised down by 8,000 from 1,877,000 to 1,869,000. The 4-week moving average was 1,862,000, an increase of 7,000 from the previous week’s revised average. This is the highest level for this average since November 27, 2021 when it was 1,928,000. The previous week’s average was revised down by 2,000 from 1,857,000 to 1,855,000

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New Mexico
Advance State Claims (not seasonally adjusted)
Initial Claims Filed For Week Ended August 3, 2024

New Mexico
Advance State Claims (not seasonally adjusted)
Insured unemployment For Week Ended July 27, 2024

Note: Advance claims are not directly comparable to claims reported in prior weeks. Advance claims are reported by the state liable for paying the unemployment compensation, whereas previous weeks reported claims reflect claimants by state of residence. In addition, claims reported as “workshare equivalent” in the previous week are added to the advance claims as a proxy for the current week’s “workshare equivalent” activity.