El Paso's unemployment rate hits five year milestone
El Paso, Texas (KTSM) — Some good economic news has city leaders celebrating. The unemployment rate in El Paso has dipped below the national rate for the first time in more than five years.
The non-seasonally adjusted unemployment rate in El Paso fell to 6.7% in March, just below the national unemployment rate of 6.8%.
This is the first time El Paso's unemployment rate has dipped below 7% since December of 2008. The Texas unemployment rate is still much lower though, at 5.3%.
Meanwhile, the unemployment rate is headed the wrong direction in New Mexico. The seasonally adjusted unemployment rate there has hit 7%, up from 6.7% in February, and up a tenth of a percent from March of 2013.
The government, manufacturing, and construction sectors registered the biggest year to year net job losses.